The legislature yesterday passed legislation to deal with ill-gotten political party assets, which states that all properties obtained by political parties after 1945 — not including party membership fees and political donations — are to be considered illegal and must be returned to the state.
The Act Governing the Handling of Ill-gotten Properties by Political Parties and Their Affiliate Organizations (政黨及其附隨組織不當取得財產處理條例) was passed after an 11-hour review on the legislative floor in Taipei.
The act states that all assets of a political party will be considered frozen the moment the act is promulgated, with violators facing a jail term of up to five years. Any attempt to avoid, deny or obstruct investigations into party assets could lead to a fine of between NT$100,000 and NT$500,000.
Photo: CNA
The legislature also voted to approve a key provision of the act that stipulates that assets obtained since Aug. 15, 1945, would be subject to the law.
The date listed in the provision, which passed 72 to 31, was chosen because it was the day Japan officially announced its surrender to the Allies, bringing an end to World War II, as well as the day the Chinese Nationalist Party (KMT) took over properties left by the Japanese in Taiwan, Democratic Progressive Party (DPP) caucus whip Wu Ping-jui (吳秉叡) said.
The legislature held an extraordinary session aimed at pushing through the review of the draft, with several last-minute amendments made.
Earlier in the day, the KMT moved to amend the bill’s name to the “act for oversight and management of assets under political parties (政黨財產監督管理條例),” or KMT Legislator Lai Shih-bao’s (賴士葆) suggestion of the “act on handling the Chinese Nationalist Party’s assets (中國國民黨黨產處理條例).”
Lai said his suggestion was because the draft was primarily aimed at the KMT’s assets, adding that it should be named based on what it is seeking to do.
The DPP moved to amend the name of the draft from the “act on handling ill-gotten party assets” (不當黨產處理條例草案) to the approved version to include assets held by the KMT’s affiliate organizations, such as the China Youth Corps and the National Women’s League of the Republic of China, as the funding of these organizations has always been included in the party’s fiscal budget.
Presidential Office spokesman Alex Huang (黃重諺) said that President Tsai Ing-wen (蔡英文) was glad to hear the news that the act had been passed and wished to commend the entire Legislative Yuan for its hard work in preparing and passing the legislation for the benefit of nation.
BLUE WAVE: The KMT’s Chiang Wan-an defeated the DPP’s Chen Shih-chung and is to become Taipei mayor, while President Tsai Ing-wen stepped down as DPP chairperson after many of the party’s candidates, handpicked by the leadership, performed poorly The Chinese Nationalist Party (KMT) yesterday flipped key mayoral seats in Taipei, Taoyuan and Keelung, and won control of 13 out of 22 cities and counties in the nine-in-one local elections. President Tsai Ing-wen (蔡英文) last night resigned as Democratic Progressive Party (DPP) chairperson over a poor showing by the party’s candidates, who were handpicked by the DPP leadership rather than chosen through primaries. The Taiwan People’s Party (TPP) won its first high-profile race with Hsinchu mayoral candidate Ann Kao (高虹安) defeating Shen Hui-hung (沈慧虹) of the DPP with 45.02 percent of the vote to Shen’s 35.68 percent. Voters were choosing more than
CAUTION: Wearing a mask in crowded places and for people with chronic illnesses or allergies can help prevent COVID-19 and other infectious diseases, the CECC said The mask mandate for outdoor settings is to lifted on Thursday, and the weekly cap on international inbound travelers is to be removed on Dec. 10, the Central Epidemic Command Center (CECC) said at its regular news conference yesterday. The center also announced that starting from Friday, children aged five to 11 can receive a COVID-19 vaccine booster, and that rules for visiting hospital patients are to be partially eased from Dec. 10. While wearing a mask will no longer be mandatory outdoors, Deputy Minister of Health and Welfare Victor Wang (王必勝) reminded the public that it would still be required
DEPARTMENT OF DEFENSE: China might impose a blockade, conduct limited force operations, use an air and missile campaign, or resort to an invasion, the report said The US Department of Defense has identified four possible military courses of action that China could take against Taiwan, but did not offer any guess on when Beijing might be ready to act. In an annual report to the US Congress released on Tuesday titled Military and Security Developments Involving the People’s Republic of China 2022, the department gave a broad overview of China’s military capabilities, strategy, ambitions and intentions. The report devoted significant space to developments related to Taiwan, against which it said China had intensified diplomatic, economic, political and military pressure last year. For example, the Chinese People’s Liberation Army (PLA)
ANALYSIS: The local elections showed that the KMT is a competitive player, but needs to work at changing its image regarding China, experts said The nine-in-one local election results would bolster the Chinese Nationalist Party (KMT), but are unlikely to have a major effect on the 2024 presidential election, when cross-strait issues are back in focus, political commentators said. In Saturday’s elections, the KMT won 13 of the 21 cities and counties up for grabs, including four of the country’s six biggest metropolitan areas, where nearly 70 percent of the population lives. The Democratic Progressive Party (DPP) lost three of the seven cities and counties it held, although it gained Penghu County. Its poor results prompted President Tsai Ing-wen (蔡英文) to announce her resignation as party
RSS