Person accepting reportable political donations to record details
45 Person accepting reportable political donations to record details
(cf section 96C EFED Act)
It is unlawful for a person to accept a reportable political donation that is required to be disclosed under this Part unless the person—
makes a record of the details required to be disclosed under this Part in relation to the donation, and
provides a receipt for the donation (being a receipt that includes a statement required by the regulations as to the circumstances in which the donor is obliged to disclose the donation under this Part).
Note.
Section 145 requires the record to be kept for at least 3 years.
This section does not apply to a political donation that is not a reportable political donation at the time it is made.
Note.
Political donations of less than $1,000 may become reportable political donations if separate donations by the same person in the same financial year equal or exceed $1,000.
This provision refers to the regulations (the regulations
). Made under this Act:
This Act’s bill:Explanatory memorandumSecond reading speech
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