(3) Regulations made under this section may—
- (a) create offences which may be punishable with a fine not exceeding $5,000; and
- (b) provide for such saving, transitional and other consequential provisions as the Minister considers necessary or expedient consequent on persons becoming politically significant persons or ceasing to be politically significant persons, on amendments to the Regulations or other similar matters.
(4) All Regulations made under this section must be presented to Parliament as soon as possible after publication in the Gazette.
(5) However, where a writ is issued, no Regulations are to be made amending—
- (a) the applicable cap for anonymous donations; or
- (b) the minimum amount of political donation that is a reportable political donation,
until after the last day prescribed by section 74(1) of the Parliamentary Elections Act 1954 or, in the case of a presidential election, by section 56(1) of the Presidential Elections Act 1991, for the transmission of returns respecting election expenses in connection with the election or (as the case may be) presidential election.
Repeal
123. The Political Donations Act 2000 is repealed.
PART 11
AMENDMENTS TO OTHER ACTS AND FINAL PROVISIONS
Amendment of Parliamentary Elections Act 1954
124.—(1) Section 2(1) of the Parliamentary Elections Act 1954 is amended by inserting, immediately after the definition of “Parliament”, the following definition:
