10Gifts

10 Gifts

10 Gifts

(1) A Member shall disclose in an ordinary return:

(a) the description of each gift received by the Member at any time during the ordinary return period, and

(b) the name and address of the donor of each such gift.

(2) A gift received by a Member need not be disclosed in an ordinary return if:

(a) the amount of the gift did not exceed $500 unless:

(i) the gift was 1 of 2 or more gifts made by 1 person at any time during the ordinary return period, and

(ii) the amount of those 2 or more gifts exceeded, in the aggregate, $500,

(b) the gift was a political contribution disclosed, or required to be disclosed, under Part 6 of the Election Funding and Disclosures Act 1981, or

(c) the donor was a relative of the Member.

(3) For the purposes of this clause, the amount of a gift comprising property other than money shall be deemed to be an amount equal to the value of the property.

cl 10: Am 2008 No 114, Sch 2.6.