203BApplicable caps on electoral expenditure

203B Applicable caps on electoral expenditure (1) The applicable caps on electoral expenditure are the following: (a) for a registered party that endorses candidates for election – 40 000 monetary units multiplied by the number of divisions in which a candidate is so endorsed; (b) for a candidate not endorsed by any registered party – 40 000 monetary units. (2) For the purposes of the cap specified in subsection (1)(a), electoral expenditure by an associated entity is to be aggregated with electoral expenditure by the registered party with which the entity is associated. (3) Despite anything to the contrary in the Monetary Units Act 2018, the value of a monetary unit for subsection (1) in relation to a capped expenditure period that spans 2 financial years is taken to be the value of a monetary unit on the day on which the capped expenditure period starts.