Document ID: chunk:federal_register_of_legislation:C2025A00016:clause:2_303l
Version: federal_register_of_legislation:C2025A00016
Segment Type: clause
Provision Reference: sch 2 cl 303L
Character Range: 95722–97404

303L  Requirements for recipients of gifts
 (1) If a person or entity (the recipient) covered by column 1 of an item of the table at the end of this subsection receives a gift (the relevant gift), the person or entity covered by column 2 of the item (the responsible person for the recipient) must, in accordance with this section, give the Electoral Commission a written notice in relation to the relevant gift, if:
 (a) the relevant gift is credited to a federal account in relation to the recipient; and
 (b) subsection 287AAB(4) applies to the relevant gift; and
 (c) either or both of the following apply:
 (i) the amount or value of the relevant gift is more than the disclosure threshold;
 (ii) the total amount or value of all gifts credited in relation to the recipient, during the calendar year in which the relevant gift is credited, is more than the disclosure threshold.
Note 1: Under subsection 287AAB(4), certain amounts that are credited to a federal account by the financial controller are gifts.
Note 2: The notice must be given before the end of the period worked out in accordance with the table in subsection (2) of this section.
Civil penalty:
The higher of the following:
 (a) 60 penalty units;
 (b) if there is sufficient evidence for the court to determine the amount or value, or an estimate of the amount or value, of the relevant gift—3 times that amount or value.

Donation disclosure notices
Item                         Column 1                                                                               Column 2
                             Recipient                                                                              Responsible person