Requirement to keep records about political donations of other property
220 Requirement to keep records about political donations of other property
This section applies if a political donation of property other than money is made to, or for the benefit of, a registered political party or candidate in an election.
The party or candidate, or a person acting with the authority of the party or candidate, must ensure a record about the political donation that complies with subsection (3) is kept for at least 5 years after the property is disposed of.Maximum penalty—20 penalty units.
A record about the political donation must include the following information—
a description of the donation;
the day the donation was received;
the value of the donation;
the name and address of the person who made the donation;
if the property has been disposed of—
the day of the disposal; and
the amount received for the disposal.
A person does not commit an offence against subsection (2) if the person has a reasonable excuse.
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