The Act provides for public money to be appropriated for funding election programmes and election advertising in relation to a general election. A party may only receive an allocation if it has provided the required notice to the Electoral Commission and was registered on the Register of Political Parties at the time of the dissolution or expiry of Parliament.
When allocating money, the Electoral Commission must have regard to factors including previous votes for the party and its candidates, by-election votes, the number of MPs, relationships with other parties, other indications of public support, and the need to provide a fair opportunity for each qualifying party to convey its policies to the public by television election programmes.
The allocation decision must set out the allocations and may include conditions about how a party is to spend its allocation. An allocation may be made to a group of related parties. The Electoral Commission may vary an allocation in certain situations, including where a party does not accept it, ceases to be registered, fails to submit a list of candidates, or fails to comply with conditions.
The Act also regulates payment. A party must ensure the Electoral Commission receives all accounts issued to the party in respect of expenditure of its allocation, and any required information, no later than 50 working days after the end of the month in which the election was held. Late accounts cannot be paid from the allocated money.
The Act further deals with apportionment of some internet publishing costs, treatment of some funded costs, returns of allocation expenses, recovery of money from a party, and modifications for early elections.