Press Release - Political Parties Disclose Donations Received in 2017

Press Release - Political Parties Disclose Donations Received in 2017

Political Parties

Figures released today by the Standards in Public Office Commission in its annual report of political party donations show that political parties disclosed donations valued at €156,699 for 2017.

There were 19 political parties registered during 2017 to contest Dáil or European elections. Each of these parties was required to furnish a Donation Statement in respect of 2017 to the Commission by 31 March 2018, disclosing donations exceeding €1,500 in value received during 2017. The maximum value of donations which a political party may accept from the same donor in the same year is €2,500.

Accounting units

An accounting unit is a branch or other subsidiary organisation of a political party which receives a donation in excess of €100 in any year. An accounting unit, on receipt of a monetary donation in excess of €100, must open and maintain a political donations account in a financial institution in the State. By 31 March each year, accounting units must furnish to the Commission a statement from the financial institution in which the account is held, together with a Certificate of Monetary Donations.

In accordance with the legislation, details of Certificates of Monetary Donations and bank statements furnished to the Commission by political parties and their accounting units are not laid before the Houses of the Oireachtas nor put on public display.

The aggregate closing balance held by accounting units in relation to 2017 was €922,508.

The Commission's report, entitled Donations to Political Parties 2017, gives details of the donations disclosed by political parties as well as information on accounting units. The report and the political party donations statements are available at:  http://www.sipo.ie/en/Reports/Annual-Disclosures/Disclosure-by-Political-Parties/2017-Donation-Statements/

Contact: Rosanne Meehan, Press Officer

Standards in Public Office Commission
18 Lower Leeson Street
Dublin 2

Telephone: 01 - 6395666
E-mail: sipo@sipo.ie
Website:
www.sipo.ie
Twitter:@SIPOCIreland