Sunshine Acts

According to the Political Donations Act, the Control Yuan is responsible for handling political donation disclosures. Political parties and candidates shall open political donation accounts at banks or post offices. They shall also note the name of the bank or post offices, address, account number and account name then report to the Control Yuan. After approved by the Control Yuan, the account can be used for collecting political donations. The Control Yuan shall make a public announcement following approval. Each political party or candidate shall have only one account, which shall not be changed or abolish without the approval of the Control Yuan. Based on the stipulations, the accounting reports of the political parties shall be sent to the Control Yuan for disclosure within five months of the end of the report year, and shall be audited and commented on by CPAs. The accounting reports of candidates shall be sent to the Control Yuan for disclosure within three months after the voting date. If a candidate receives an amount exceeding NT $10 million, he or she shall entrust CPAs with auditing and commenting. The Control Yuan shall, within six months after the deadline for declaration, collate the accounting reports for inquiry and publicize them over the internet. Violator will be subject to criminal or administrative penalizations.