Document ID: chunk:federal_register_of_legislation:C2004A04895:body:0:p5
Version: federal_register_of_legislation:C2004A04895
Segment Type: other
Provision Reference: 
Character Range: 10088–12782

Omit "20 weeks", substitute "16 weeks".

30. Subsection 314AC(2):

Omit the subsection, substitute:

"(2) In calculating the sum, an amount of less than $500 need not be counted.".

31. Subsection 314AC(3):

Omit ", together with each amount making up the sum and the date of its receipt,".

32. Paragraph 314AD(2)(a):

Omit "$100", substitute "$500".

33. Subsection 314AD(3):

Omit ", together with each amount making up the sum and the date on which it was paid,".

34. After section 314AE:

Insert:

Annual returns by associated entities

"314AEA.(1) If an entity is an associated entity at any time during a financial year, the entity's financial controller must furnish a return to the Electoral Commission, in the approved form, within 16 weeks after the end of the financial year, setting out:

    (a) the total amount received by, or on behalf of, the entity during the financial year, together with the details required by section 314AC; and

SCHEDULE—continued

    (b) the total amount paid by, or on behalf of, the entity during the financial year, together with the details required by section 314AD; and

    (c) if the entity is an associated entity at the end of the financial year—the total outstanding amount, as at the end of the financial year, of all debts incurred by or on behalf of the entity, together with the details required by section 314AE.

"(2) Amounts received or paid at a time when the entity was not an associated entity are not to be counted for the purposes of paragraphs (1)(a) and (b).

"(3) If any amount required to be set out under paragraph (1)(b):

    (a) was paid to or for the benefit of one or more registered political parties; and

    (b) was paid out of funds generated from capital of the associated entity; the return must also set out the following details about each person who contributed to that capital after the commencement of this section:

    (c) the name and address of the person;

    (d) the total amount of the person's contributions to that capital, up to the end of the financial year.

"(4) Subsection (3) does not apply to contributions that have been set out in a previous return under this section.

"(5) Sections 314AC, 314AD and 314AE apply for the purposes of paragraphs (1)(a), (b) and (c) of this section to a return for an associated entity in the same way as they apply for the purposes of paragraphs 314AB(1)(a), (b) and (c) to a return for a registered political party.".

35. Section 314AG:

Add at the end:

"(3) The regulations may reduce the amount of information to be provided in returns under section 314AEA.".

36. Subsection 316(2A):

After "a prescribed person" insert ", the financial controller