(1)The following provisions have effect with respect to the political fund of a trade union where there ceases to be any political resolution in force in relation to the union.
(2)If the resolution ceases to have effect by reason of a ballot being held on which a new political resolution is not passed, the union may continue to make payments out of the fund as if the resolution had continued in force for six months beginning with the date of the ballot.
But no payment shall be made which causes the fund to be in deficit or increases a deficit in it.
(3)There may be added to the fund only—
(a)contributions to the fund paid to the union (or to a person on its behalf) before the resolution ceased to have effect, and
(b)property which accrues to the fund in the course of administering the assets of the fund.
(4)The union may, notwithstanding any of its rules or any trusts on which the fund is held, transfer the whole or part of the fund to such other fund of the union as it thinks fit.
(5)If a new political resolution is subsequently passed, no property held immediately before the date of the ballot by or on behalf of the union otherwise than in its political fund, and no sums representing such property, may be added to the fund.