New South Wales Consolidated Acts

INDUSTRIAL RELATIONS ACT 1996 - SECT 280

280 Organisations to notify particulars of loans, grants and donations

(1) A State organisation must, as soon as practicable after the end of each financial year, lodge with the Industrial Registrar a statement showing the relevant particulars in relation to each loan, grant or donation of an amount exceeding $1,000.

(2) The statement must be signed by an officer of the organisation.

(3) The statement may be inspected at the office of the Industrial Registrar, during office hours, by a member of the organisation concerned.

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

(a) the amount of the loan, and

(b) the purpose for which the loan was required, and

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

(d) 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 a State organisation, are:

(a) the amount of the grant or donation, and

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

(c) the name and address of the person to whom the grant or donation was made.

(6) If default is made in complying with a provision of this section, the organisation is guilty of an offence.

Maximum penalty (subsection (6)): 100 penalty units.