(1) A political party, a member of either House of the Oireachtas, the Mayor of Limerick a representative in the European Parliament or a candidate at a Dáil, Seanad or European election or third party shall not, directly or through any intermediary, accept a donation exceeding €100 in value unless the name and address of the person by or on whose behalf the donation is made are known to the party, member, representative third party or candidate, as the case may be.

(2) Where, notwithstanding subsection (1), a donation, acceptance of which is prohibited by that subsection, is made to a political party, a member of either House of the Oireachtas, the Mayor of Limerick a representative in the European Parliament or a candidate at a Dáil, Seanad or European election or third party, the party, member, representative third party or candidate concerned shall, not later than 14 days after the receipt of such donation, notify the Public Offices Commission in writing of such receipt and remit the donation or the value thereof to the said Commission.

(3) The Public Offices Commission shall cause a copy of each notification received under subsection (2) to be laid before each House of the Oireachtas and shall dispose of all moneys, property or goods received under the said subsection in such manner as may be directed by the Minister for Public Expenditure and Reform.