3AMeaning of gift

3A Meaning of gift (1) A gift means any disposition of property made by a person to someone else without consideration in money or money's worth or with inadequate consideration, and includes providing a service for no consideration or for inadequate consideration, but does not include: (a) a disposition of property by will; or (b) an annual subscription paid to a registered party by a person for the person's membership of the party; or (c) volunteer labour provided by a person that is: (i) conducted outside the person's normal working hours or while the person is on leave; and Electoral Act 2004 10 (ii) not remunerated. (2) Despite subsection (1), a gift to a candidate does not include a gift: (a) made in a private capacity to the candidate for the candidate's personal use; and (b) that the candidate has not used, and will not use, solely or substantially for a purpose related to an election. (3) Despite subsection (1), a gift to a third party campaigner only includes gifts that are: (a) specified by the donor to be used for political expenditure; or (b) reasonably believed by the campaigner to be intended by the donor to be used for political expenditure. (4) For subsection (1), (2) or (3) the regulations may: (a) prescribe matters relating to methods or processes for determining the value of a gift; and (b) broaden or narrow the definition of gift.