Document ID: chunk:federal_register_of_legislation:C2025A00016:clause:6a_1
Version: federal_register_of_legislation:C2025A00016
Segment Type: clause
Provision Reference: sch 6A cl 1
Character Range: 294123–295435

1  Subsection 287(1)
Insert:
federal administrative account means an account where:
 (a) the only amounts deposited into the account are amounts to be used only for a federal administrative purpose; and
 (b) the only amounts withdrawn or transferred from the account are amounts:
 (i) withdrawn or transferred for a federal administrative purpose; or
 (ii) transferred to another federal administrative account; and
 (c) the account is with an ADI within the meaning of the Banking Act 1959; and
 (d) the account is kept in Australia.
Note: ADI is short for authorised deposit‑taking institution.
Example: A federal administrative account of a federal party may be established by the federal party or a State branch of the federal party.
federal administrative purpose means the purpose of incurring:
 (a) administrative expenditure; or
 (b) expenditure to the extent that it would be administrative expenditure if references in subsection 287AAA(1) to a registered political party included references to a political entity, a member of the House of Representatives or a Senator, a third party, or a person or an entity that is (or is required to be registered as) a significant third party, an associated entity or a nominated entity.
Note: See section 287AAA for the definition of administrative expenditure.