Section 21, The Political Parties Act, 2002

(1) Every political party shall within twenty-one daysafter the notification of the holding of a public election which it intends to contest, submit to the Commission a statement in such form as the Commission may prescribe, of its assets and liabilities. 7 8 Funding of political parties. Declaration of assets etc in relation to election. Deciaration of assets accounts and audit of political parties. (2) Every political party shall within sixty days after the declaration of the results of a public election in which it has participated submit to the Commission a detailed statement, in such form as the Commission may prescribe, of all expenditure incurred either by the party or a candidate put up or supported by that political party specifying the manner in which the expenditure was incurred. (3) A statement required to be submitted under this section shall be supported by a statutory declaration made by the general or national secretary of the political party and the national treasurer of that party. (4) Subsections (2) and (3) shall, with the necessary modifications, apply to any person standing as an independent candidate in a public election .