Sources of income
14 Sources of income
A Member must disclose the following sources of income greater than $500 in a financial year—
each source of income received by the Member in the period since the last general election,
each source of income the Member reasonably expects to receive during the remainder of the parliamentary term.
In subsection (1), a reference to each source of income is a reference to—
for income from being an employee of another person, including an employee of a corporation—
the name of the occupation in which the Member is engaged, and
a description that is reasonably sufficient to identify the kinds of services provided, or to be provided, for the income, and
the name and address of the Member’s employer, and
for income from being the holder of another office, including the holder of an office in a corporation or other body—
the name or title of the office held by the Member, and
a description that is reasonably sufficient to identify the kinds of services provided, or to be provided, for the income, and
for an office held in a corporation or other body—the name and address of the corporation or body, and
for income from a partnership the Member has entered into with other persons—
the name of the occupation, if any, in which the Member is engaged, and
a description that is reasonably sufficient to identify the kinds of services provided, or to be provided, for the income, and
the name, if any, under which, and the address from which, the partnership is conducted, and
for income for a service provided under another kind of contract, agreement or arrangement—
the name of the occupation, if any, in which the Member is engaged, and
a description that is reasonably sufficient to identify the service provided, and
the name and address of the person from whom the income was or is reasonably expected to be received, and
for income from a trust—the name and address of the settlor and the trustee, and
for other income—a description that is reasonably sufficient to identify the person from whom, or the circumstances in which, the income was or is reasonably expected to be received.
Without limiting subsection (2), a disclosure required by subsection (1) must include a description that is reasonably sufficient to identify the business carried on by the employer, body or other party to the contract or agreement if—
the source of income was or is reasonably expected to be received—
from the Member’s employer, including if the employer is a corporation, or
for an office held by the Member in a body, including if the body is a corporation, or
under a contract or another agreement, and
in relation to a Member—the Member knows the source of income was or is reasonably expected to be received for the provision by the Member of a service involving the use of the Member’s parliamentary position.
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