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INDUSTRIAL RELATIONS ACT 1988 No. 86 of 1988 - SECT 269

Organisations to notify particulars of loans, grants and donations
269. (1) An organisation shall, as soon as practicable after the end of each
financial year, lodge in the Industrial Registry a statement showing the
relevant particulars in relation to each loan, grant or donation of an amount
exceeding $1,000 made by the organisation during the financial year.

(2) A statement lodged in the Industrial Registry under subsection (1) shall
be signed by an officer of the organisation.

(3) A statement lodged in the Industrial Registry under subsection (1) may be
inspected at any registry, during office hours, by a member of the
organisation concerned.

(4) The relevant particulars, in relation to a loan made by an organisation,
are:

   (a)  the amount of the loan;

   (b)  the purpose for which the loan was required;

   (c)  the security given in relation to the loan; and

   (d)  except where the loan was made to relieve a member of the
        organisation, or a dependant of a member of the organisation, from
        severe financial hardship - the name and address of the person to whom
        the loan was made and the arrangements made for the repayment of the
        loan.

(5) The relevant particulars, in relation to a grant or donation made by an
organisation, are:

   (a)  the amount of the grant or donation;

   (b)  the purpose for which the grant or donation was made; and

   (c)  except where the grant or donation was made to relieve a member of the
        organisation, or a dependant of a member of the organisation, from
        severe financial hardship - the name and address of the person to whom
        the grant or donation was made.

(6) Where an organisation is divided into branches:

   (a)  this section applies in relation to the organisation as if loans,
        grants or donations made by a branch of the organisation were not made
        by the organisation; and

   (b)  this section applies in relation to each of the branches as if the
        branch were itself an organisation.

(7) For the purposes of the application of this section in accordance with
subsection (6) in relation to a branch of an organisation, the members of the
organisation constituting the branch shall be taken to be members of the
branch. 


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