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ELECTORAL ACT 1992 - SECT 291 Amounts received

ELECTORAL ACT 1992 - SECT 291

Amounts received

291 Amounts received

(1) For a return for a registered political party under section 290 (4) , or a return for an associated entity under section 294 (4) , if the sum of all amounts received from a particular entity during a reporting period is equal to or more than the gift threshold amount, the particulars of the sum must be included in the return.
(2) In calculating the sum, an amount less than the gift threshold amount need not be counted.
(3) The particulars of the sum required to be given under subsection (1) are—
(a) the amount of the sum; and
(b) if the sum received was a gift—
(i) the relevant particulars of the entity that gave the sum; and
(ii) if the entity is not the source of the sum—the relevant particulars of the entity that is the source of the sum; and
(c) if the sum received was a loan—
(i) if the sum was borrowed from a financial institution—the name of the financial institution from which the sum was borrowed; or
(ii) otherwise—the information required to be kept under section 272 (3) about the loan.