Industrial Relations Act 2016

An organisation must, for each financial year, keep a written register stating the particulars mentioned in subsection (3) for each occasion it makes a loan, or gives a grant or donation, to an entity (each a payment) of more than $1,000 in the year.Maximum penalty—40 penalty units.

For subsection (1), a payment of more than $1,000 is made to an entity in a financial year if—

1 or more payments are made to the entity in the financial year; and

all of the payments added together are more than $1,000.

The register must state the following for each payment—

the amount of the payment and the reason for making it;

if the payment was not a financial hardship payment—

the name and address of the entity to whom it was made; and

if it was a loan—the arrangements to repay the loan.