So I cant sleep so I dug out bill 24 from the 1977 legislature. Every bill ever is online. There are 57 pages which I didnt read but it appears section 2 addresses the trust.
http://www.assembly.ab.ca/ISYS/LADDA...4_bill-024.pdf
Quote:
(2) Except as provided in subsecti'On (3), this Act does not apply to funds of a constituency associati'On
('a) held in trust at the commencemenrt of this section, 'Or
(b) raised not more than 30 days after the commence- ment Q1f this section at or in connection with a fund-raising function organized becfore the com- mencem'ent Q1f this section and that are placed in trust,
for the purposes of the constituency as'Soci~.;mon or the future candidacy 'Of any person at an el'ecti'On or a future election oomp!aign of any perslon.
(3) The trustee or trustees of each trust referred to in subsection (2)
shall, within 60 days after the c'Ommencement of this seCition, repQlrt in writing to the Chief Elec- toral Officer the existence of any trust the value of which exceeds $2,500,
shall m1aintain the funds remaining in the trust from time to time on depos'it with a financi'aJ insti- tution or invest those funds in authorized trustee investments under The Trustee Act, shiall not permit funds or other property to be added to the trust other than interest on the amounts 'On deposlit or the income from the invest- ments referred to in clause (b),
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So based on the legislation, it copied poorly so go read the link. Money raised before 30 days after the bill passing could be held in trust but after that point in time no money aside from interest could be added. The existance of these trusts needed to be disclosed at the time. And whenever the trust is used it has to be disclosed.
What more disclosure do people want. Also if I can dig out the bill and read the requirements the media could do a lot better job.
Also in the bill it appears that the money a party has before it is formed is also excempt from disclosure and held in a similar type of trust. I might me reading part 2 section 5 of the bill wrong though. So it appears any new party can start with a trust from undisclosed donors.