State campaign accounts to be kept for electoral expenditure
175LM State campaign accounts to be kept for electoral expenditure
The responsible person for a political entity must, unless the responsible person has a reasonable excuse, ensure that a State campaign account for the political entity is —
established at an authorised deposit‑taking institution within the period of 5 business days after the first participation day in relation to the political entity; and
kept during the period in which the political entity engages in incurring electoral expenditure in relation to elections.
Penalty for this subsection:
if the political entity is a political party — a fine of $36 000;
otherwise — a fine of $24 000.
Subsection (1) does not apply if —
a political entity (the relevant political entity) who or which is not a group, political party or third-party campaigner does not have a State campaign account because the relevant political entity intends to make use of the State campaign account of another political entity; and
the other political entity is an eligible SCA nominee in relation to the relevant political entity; and
the other political entity consents to make payments for electoral expenditure on behalf of the relevant political entity out of the other political entity’s State campaign account; and
the responsible person for the relevant political entity lodges a notice under section 175LN(1).
[Section 175LM inserted: No. 30 of 2023 s. 128.]
The statute text is free to read above. View Pro plans to unlock the case-law research tools for each provision.