Page:Political Donations Act 2000.pdf/11

12 :(a) the value of the money, or the market value of the property, in question; and
 * (b) the consideration provided by or on behalf of the candidate, election agent or political association, as the case may be.

(3) The value of any donation, being—
 * (a) any money lent to a candidate, election agent or a political association otherwise than on commercial terms; or
 * (b) the provision otherwise than on commercial terms of any property, services or facilities (including the services of any person),

shall be taken to be the amount representing the difference between—
 * (i) the actual cost (if any) to the candidate, election agent or political association; and
 * (ii) the cost that would have been incurred by the candidate, election agent or the political association, as the case may be, had the loan been made, or the property, services or facilities been provided, on commercial terms.

(4) The value of any donation, being the provision of any sponsorship in relation to a candidate or political association, shall be taken to be the value in monetary terms of the benefit conferred by the sponsorship in question on the candidate or association; and any such value conferred on the sponsor shall be disregarded.

(5) Where a donation referred to in subsection (3) or (4) confers an enduring benefit on any candidate, election agent or political association during the whole or part of the relevant reporting period, the amount to be recorded in any donation report required to be prepared under this Act shall be so much of the total value of the donation (as determined in accordance with subsection (3)) as accrues during the whole or part of that relevant reporting period to which the donation report relates.

(6) In subsection (5), "relevant reporting period" means—
 * (a) any period for which a donation report is required to be prepared under this Act; or
 * (b) 2 or more such periods.