(1) Every political party to which an amount of money is allocated under section 74A—
(a) shall expend that money only for the purpose of meeting—
(i) the production costs of any election programme broadcast by the political party during the election period; or
(ii) the cost of the broadcasting time of any election programme broadcast by the political party during the election period; and
(b) shall, in expending that money for the purpose specified in paragraph (a), observe any conditions imposed by the Electoral Commission under section 74A.
(2) Every political party to which an amount of money is allocated under section 74A must ensure that the Electoral Commission receives, no later than 50 working days after the end of the month in which the election was held,—
(a) all accounts issued to the political party in respect of the expenditure by that political party of its allocation; and
(b) any information in relation to those accounts that the Electoral Commission requires.
(2A) No account that is received by the Electoral Commission from a political party after the end of the period specified in subsection (2) may be paid by the Electoral Commission, either in part or in full, from the amount of money allocated to that party under section 74A.
(3) Any account submitted to the Electoral Commission under subsection (2) may be in respect of—
(a) the production costs of any election programme broadcast by the political party during the election period; or
(b) the cost of the broadcasting time of any election programme broadcast by the political party during the election period; or
(c) both.
(4) When the Electoral Commission is satisfied in relation to any account that the account or any part of the account should be paid, the Electoral Commission shall, out of money appropriated by Parliament, or deemed to have been appropriated by Parliament, for the purpose of enabling political parties to meet all or part of the costs of broadcasting election programmes during the election period, pay to the person who issued the account the amount approved by the Electoral Commission for payment.
(5) An amount of money that has been allocated to a political party under section 74A on or after the commencement of the Broadcasting Amendment Act 2004 and that is not paid out under subsection (4) must be repaid by the Electoral Commission to the Crown.
Section 74B: substituted, on 1 July 1996, by section 19 of the Broadcasting Amendment Act 1996 (1996 No 53).
Section 74B(2): substituted, on 7 December 2004, by section 11(1) of the Broadcasting Amendment Act 2004 (2004 No 100).
Section 74B(2A): inserted, on 7 December 2004, by section 11(1) of the Broadcasting Amendment Act 2004 (2004 No 100).
Section 74B(5): added, on 7 December 2004, by section 11(2) of the Broadcasting Amendment Act 2004 (2004 No 100).