Donor must disclose source of gift or loan

In force

(1)

This section applies to an entity if—

(a)

the entity—

(i)

makes a gift or loan to a registered political party or candidate in an election (each a recipient); or

(ii)

makes a gift to a third party to whom section 263 applies (also a recipient); and

(b)

the value of the gift or amount of the loan equals or exceeds the gift threshold amount; and

(c)

the entity is not the source of the gift or loan.

(2)

When the entity makes the gift or loan to the recipient, the entity must give the recipient a notice that states—

(a)

that the entity is not the source of the gift or loan; and

(b)

the relevant particulars of the entity that is the source of the gift or loan.

Maximum penalty—20 penalty units.

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