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(1) The political parties shall keep exact records regarding the use of the funds (§ 2 para 1) in accordance with the objectives as intended.
(2) Such records and all pertinent materials shall be audited each year by two certified public accountants; the result of the audit shall be published in the "Official Gazette to Wiener Zeitung".
(3) The auditors chosen to audit a political party shall be selected and appointed by the Federal Minister of Finance from a list of five auditors to be presented by the respective party to the Minister of Finance within four weeks after having been requested to do so; if the party fails to submit such list within the term specified, the Federal Minister of Finance shall appoint the respective auditors without consulting any proposals.
(4) In addition, each political party receiving funds in terms of the subject Federal Act shall render public account on its income and expenses. For this purpose the respective party shall each year prepare a statement of account on income and expenses. Such statement of account shall be audited and signed by two auditors not cooperating in a joint office. In any case a list of income and expenses (paras 5 and 6) shall be contained in the statement of account.
(5) At least the following income items shall be reported separately in the statements of account:
1. membership fees;
2. funds received pursuant to the subject Federal Act;
3. special contributions from the Members of the National Council being members of the respective party and from its officers;
4. income from investments in companies;
5. income from other asset items;
6. donations (para 7);
7. net proceeds resulting from events, from the sale of printed matter and badges as well as similar income resulting directly from any activities of the party;
8. loans
9. benefits by way of staff made available free of charge or without
compensation (living subsidies);
10. other categories of profit and income, to be specified as separate
items if exceeding 5 percent of the respective annual income.
(6) At least the following expense items shall be reported separately in the statements of account:
1. personnel expenses;
2. office expenses and items purchased for office use;
3. expenses for PR activities including printed matter;
4. events;
5. motor vehicles;
6. other administrative operating expenses;
7. membership dues;
8. legal, auditing and consulting fees;
9. interest and repayment on loans;
10. international activities;
11. other expenses, to be itemized separately if exceeding Euro 72 672.
(7) Any donations exceeding an amount of Euro 7 260 received by the respective party or one of its branches (Land, district or local level) shall be reported in an annex to the statement of account as follows (list of donations):
1. total amount of donations received from natural persons not covered by subpara 2;
2. total amount of donations received from natural and legal persons registered in the companies' register;
3. total amount of donations received from associations not covered by subpara 4;
and
4. total amount of donations received from bodies corporate under public law, from professional associations and associations of businesses based on voluntary membership, from institutions, foundations or funds.
(8) Donations according to para 7 subparas 1 through 3 shall be contained in a separate list including their amount and name and address of donor (donors' list), to be submitted to the President of the Board of Audit within the deadline specified in para 9. Upon request of a political party, the President of the Board of Audit shall issue a public statement to the effect whether a particular donation contained in the list submitted by the party has been properly declared. The President of the Board of Audit shall inform the Federal Chancellor if any donors' list has not been submitted in time or only after the deadline.
(9) At the latest on 30th December of the subsequent year each political party shall publish the account report including list of donations in the "Official Gazette to Wiener Zeitung".
(10) If a political party does not publish, pursuant to paras 8 and 9, the account report in time, the list of donations and donors, the Federal Chancellor shall withhold payment of funds due (§ 3 para 2) until proper publication or presentation has taken place.