This Section amends Section 73 of the Trade Union and Labour Relations (Consolidation) Act 1992 (passing and effect of political resolution) to remove the requirement for a political resolution to be renewed every 10 years in order for a trade union to maintain a political fund.
	Subsection (a) removes section 73(3) of the Trade Union and Labour Relations (Consolidation) Act 1992, which states that a political resolution shall cease to have effect at the end of the 10-year period, beginning on the date when the ballot was passed.
	Subsection (b) amends section 73(4) of the Trade Union and Labour Relations (Consolidation) Act 1992 to reflect that a political resolution continues to have effect beyond the end of the 10-year period, except in the instance outlined in section 73(4) where a ballot on a new political resolution is held.
Part 4: Trade Unions and Industrial Action, etc Trade union finances Section 61: Political funds: requirement to pass political resolution