Commonwealth Electoral Act 1918

If a registered political party is entitled to administrative assistance funding under section 302AB for a quarter, the Electoral Commission must pay the amount of the funding to the registered political party before the end of the seventh day in that quarter. This subsection is subject to subsections (5) and (10).

The Electoral Commission must pay the amount to the credit of an account nominated by the registered political party for the purposes of this section.

The account must be:

maintained by the registered political party; and

with an ADI within the meaning of the Banking Act 1959; and

kept in Australia.

The account may be a federal administrative account.

The account must not be a federal account kept for the purposes of this Part.

If:

at the time the Electoral Commission proposes to pay the amount referred to in subsection (1), the political party is no longer a registered political party; and

at that time, at least one individual covered by paragraph 302AB(1)(b) in respect of whom the entitlement referred to in subsection (1) of this section arose is a member of the House of Representatives or a Senator;

if paragraph (b) applies to one individual—pay that amount to that individual; or

if paragraph (b) applies to more than one individual—pay that amount in equal shares to those individuals.

An amount paid to an individual under subsection (5) is taken to be an amount of administrative assistance funding paid to the individual.

The Electoral Commission must pay an amount to an individual under subsection (5) to the credit of an account nominated by the individual for the purposes of this section.

The account must be:

maintained by the individual; and

with an ADI within the meaning of the Banking Act 1959; and

kept in Australia.

The account may be a federal administrative account.

The account must not be a federal account kept for the purposes of this Part.

If:

at the time the Electoral Commission proposes to pay the amount referred to in subsection (1), the political party is no longer a registered political party; and

at that time, none of the individuals covered by paragraph 302AB(1)(b) in respect of whom the entitlement referred to in subsection (1) of this section arose is a member of the House of Representatives or a Senator;