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COMMONWEALTH ELECTORAL ACT 1918 - SECT 314AE Outstanding amounts

COMMONWEALTH ELECTORAL ACT 1918 - SECT 314AE

Outstanding amounts

  (1)   If the sum of all outstanding debts incurred by, or on behalf of, a registered political party or a significant third party to a person or an organisation during a financial year is more than the disclosure threshold, the return must include the particulars of that sum.

  (2)   The particulars of a sum required to be furnished under subsection   (1) are the amount of the sum and:

  (a)   if the sum was owed to an unincorporated association, other than a registered industrial organisation:

  (i)   the name of the association; and

  (ii)   the names and addresses of the members of the executive committee (however described) of the association; or

  (b)   if the sum was purportedly incurred as a debt to a trust fund or to a foundation:

  (i)   the names and addresses of the trustees of the fund or of the foundation; and

  (ii)   the title or other description of the trust fund, or the name of the foundation, as the case requires; or

  (c)   in any other case--the name and address of the person or organisation.

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