Belgium - 2012 Party Finance Law

Title Article 16 ter
Chapter Chapter III - Financing of political parties
Article

16 ter

<L 2007-03-23/31, art. 13, 009; Effective with: 28-03-2007> § 1.
At the end of each year, political parties and their components, as well as political representatives, draw up, in receiving order, the statement specified at article 16bis, paragraph 2, with all donations equivalent to 125 euros and more granted to them, irrespective of their form, during the current year.
§ 2. The statement shall include the name and surname of the natural person granting the donation, the full address (street, number and district of the main residence), nationality, the amount of each donation, the date the donation has been received and the total amount of all donations received during the current year.
§ 3. The statement shall be submitted against receipt, at the latest on April the 30th of the year following the reporting year, to the Commission of control monitoring the observance of the obligations set forth at article 16bis and in this article.
§ 4. The King shall establish, by royal decision issued by the Council of Ministers, a draft of the statements specified in this article and in the articles 6 and 16bis, as well a draft of the statements from article 116, § 6, paragraph 2, of the Election Code.
§ 5. When a political party or one of its components fails to submit the statement specified at § 1 or in case of delayed submission, the party shall lose the right to the subsidy specified at article 15 during the subsequent period set forth by the Commission of control that shall not be inferior to one month, nor superior to four months.
§ 6. The political representative failing to submit the statement specified at § 1 or performing a delayed submission shall incur a penalty equivalent to 26 euros to 100,000 euros.

Categories - External oversight (Subject of monitoring)
- External oversight (Type of authority)
- Party finance (Private funding)
- Party finance (Report and disclosure)
Source Belgisch Staatsblad - http://193.191.208.6/cgi_loi/loi_a1.pl?sql=%28text+contains+%28%27%27%29%29&