Document ID: chunk:federal_register_of_legislation:C2021A00137:clause:2_26
Version: federal_register_of_legislation:C2021A00137
Segment Type: clause
Provision Reference: sch 2 cl 26
Character Range: 9322–10767

26  Subsection 314AEA(2)
Repeal the subsection, substitute:
 (2) Subject to subsection (6), if:
 (a) an entity is registered as an associated entity for a financial year (the current financial year); and
 (b) the entity was not required to be registered as an associated entity for the previous financial year;
the financial controller of the associated entity must provide a return to the Electoral Commission, in the approved form, by the end of the period of 30 days after the entity is registered as an associated entity for the current financial year, setting out:
 (c) the total amount received by, or on behalf of, the entity during the previous financial year, together with the details required by section 314AC; and
 (d) the total amount paid by, or on behalf of, the entity during the previous financial year; and
 (e) the total outstanding amount, as at the end of the previous financial year, of all debts incurred by or on behalf of the entity, together with the details required by section 314AE; and
 (f) details of any discretionary benefits (however described) received by, or on behalf of, the entity from the Commonwealth, a State or a Territory during the previous financial year.
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 an estimate of the amount, not disclosed in accordance with subsection (2)—3 times that amount.