Political parties to pay amounts out of State campaign accounts after party terminating events
175LU Political parties to pay amounts out of State campaign accounts after party terminating events
This section applies if —
1 of the following events (a party terminating event) occurs in relation to a political party —
the political party ceases to be registered;
the political party does not intend to incur additional electoral expenditure in relation to an election;
the political party ceases to exist;
and
the party’s State campaign account has an amount remaining in it after debts owing in relation to the account have been satisfied.
Within the period set out in subsection (3), the responsible person for the political party must pay the amount remaining in the party’s State campaign account to a charity nominated by the party or responsible person.
For the purposes of subsection (2), the period is 28 days beginning on —
if this section applies because of subsection (1)(a)(ii) — the day on which the responsible person for the political party becomes aware that the political party does not intend to incur additional electoral expenditure in relation to an election; or
otherwise — the day on which the party terminating event occurs.
[Section 175LU inserted: No. 30 of 2023 s. 128.]
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