Document ID: chunk:federal_register_of_legislation:C2008C00455:clause:1_314aec
Version: federal_register_of_legislation:C2008C00455
Segment Type: clause
Provision Reference: sch 1 cl 314AEC
Character Range: 40710–42750

314AEC  Annual returns relating to gifts received for political expenditure

 (1) A person must provide a return for a financial year in accordance with this section if:
 (a) the person is required to provide a return for the year under section 314AEB; and
 (b) the person received a gift or gifts, at any time, that the person used during the year (either wholly or partly):
 (i) to enable the person to incur expenditure for a purpose mentioned in paragraph 314AEB(1)(a); or
 (ii) to reimburse the person for incurring expenditure for such a purpose; and
 (c) the amount of at least one such gift was more than $10,000.

Note: The dollar amount mentioned in this subsection is indexed under section 321A.

 (2) The person must provide to the Electoral Commission a return for the financial year setting out the following details in respect of each gift of more than $10,000 that is mentioned in paragraph (1)(b):
 (a) the amount of the gift;
 (b) the date on which the gift was made;
 (c) in the case of a gift made on behalf of the members of an unincorporated association (other than a registered industrial organisation):
 (i) the name of the association; and
 (ii) the names and addresses of the members of the executive committee (however described) of the association;
 (d) in the case of a gift purportedly made out of a trust fund, or out of the funds of a foundation:
 (i) the names and addresses of the trustees of the fund, or of the funds of the foundation; and
 (ii) the title or other description of the trust fund, or the name of the foundation, as the case requires;
 (e) in any other case—the name and address of the person who made the gift.

Note: The dollar amount mentioned in this subsection is indexed under section 321A.

 (3) The return must:
 (a) be provided before the end of 20 weeks after the end of the financial year; and
 (b) be in the approved form.

 (4) For the purposes of subsection (2), 2 or more gifts made, during the financial year, by the same person to another person are taken to be one gift.