Doesn't stand, but accepts a place in Parliament! (5,1,4)

'doesn't stand' is the definition.
I don't know anything about this answer so I can't tell whether it can be defined by this definition.

'accepts a place in parliament' is the wordplay.
I cannot quite see how this works, but
'accepts' could be 'takes' ('take' can be a synonym of 'accept') and 'takes' is found in the answer.
'a' is present in the answer.
'place' could be 'seat' (seating is a kind of placing) and 'seat' is present in the answer.
This accounts for all the letters.
This explanation may well be incorrect...

'but' acts as a link.

Can you help me to learn more?