Document ID: chunk:federal_register_of_legislation:C2025A00016:clause:6_292fc
Version: federal_register_of_legislation:C2025A00016
Segment Type: clause
Provision Reference: sch 6 cl 292FC
Character Range: 291519–292893

292FC  Notification of federal accounts used
 (1) A person or entity covered by column 1 of an item in the table in subsection 292FA(1) must, in accordance with this section, give the Electoral Commission a notice in writing during the period beginning on the day (the start day) after the earlier of the following days and ending at the end of the seventh day after the start day:
 (a) the first day on which expenditure that is incurred by the person or entity covered by column 2 of that item is paid for with money from a federal account;
 (b) the first day on which a gift of money received by the person or entity covered by column 2 of that item is credited to a federal account.
Civil penalty: 200 penalty units.
 (2) The notice must:
 (a) set out details of that federal account; and
 (b) if the federal account is opened on or after the day on which this section commences and has a balance of at least $20,000 on the day before the notice is given—include a statement to that effect.

Investigation
 (3) If a notice under this section includes a statement as mentioned in paragraph (2)(b) in relation to a federal account, one or more authorised officers (within the meaning of Division 5C) must conduct an investigation in relation to that federal account.
Note: See section 314AN for the powers available to an authorised officer conducting the investigation.