Thursday 26 June 2008

Surely it's over now?

Code of Conduct
1.1.2 The schedule to the Act sets out the circumstances in which financial interests must be registered. In this Code and in the Act these interests are referred to as ‘registrable interests’. These registrable interests are described in detail in Section 2 of this Code. Penalties and criminal sanctions apply in the event of non compliance with the requirements for registration. If a Member is uncertain about any aspect of the operation of the Act or the Code, the Standards clerks may be asked for advice. However, each Member must ensure that the provisions of the Act are complied with and may additionally wish to seek independent legal and other professional advice prior to registration.

1.2.11 Where an interest is acquired after the initial registration, the procedure is largely the same as for initial registration. A Member must register an acquired interest by lodging a further written statement within 30 days after the date of acquisition (section 5 of the Act). The form of written statement is again the same as that provided for initial registration but in this case the Member fills in only the information relating to the acquired interest.

2.6: Gifts – schedule, paragraph 6
A member has a registrable interest:
(1) Where a member or a company in which the member has a controlling interest or a partnership of which the member is a partner, receives, or has received, a gift of heritable or moveable property or a gift of a benefit in kind and—
(a) the value the gift, at the date on which it was received exceeds 1 per cent of a member’s salary on that date (rounded down to the nearest £10); and
(b) that gift meets the prejudice test.

Seems perfectly clear to me, simple to understand, easy to follow. Any gift over £520 should be registered - even if it wasn't cash that was received, but just a benefit of some kind.

You've got to believe that someone in the Labour party will now have the decency to tell Wendy Alexander that it's over, or move a vote of no confidence? A wee shove and the pain will be over for her, she can go and do something she's good at instead.

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