314AECAnnual returns relating to gifts received for political expenditure

#### 314AEC Annual returns relating to gifts received for political expenditure (1) A person must provide a return for a financial year in accordance with this section if: (a) the person is required to provide a return for the year under section 314AEB; and (b) the person received a gift or gifts, at any time, that the person used during the year (either wholly or partly): (i) to enable the person to incur expenditure for a purpose mentioned in paragraph 314AEB(1)(a); or (ii) to reimburse the person for incurring expenditure for such a purpose; and (c) the amount of at least one such gift was more than $10,000. > Note: The dollar amount mentioned in this subsection is indexed under section 321A. (2) The person must provide to the Electoral Commission a return for the financial year setting out the following details in respect of each gift of more than $10,000 that is mentioned in paragraph (1)(b): (a) the amount of the gift; (b) the date on which the gift was made; (c) in the case of a gift made on behalf of the members of an unincorporated association (other than a registered industrial organisation): (i) the name of the association; and (ii) the names and addresses of the members of the executive committee (however described) of the association; (d) in the case of a gift purportedly made out of a trust fund, or out of the funds of a foundation: (i) the names and addresses of the trustees of the fund, or of the funds of the foundation; and (ii) the title or other description of the trust fund, or the name of the foundation, as the case requires; (e) in any other case—the name and address of the person who made the gift. > Note: The dollar amount mentioned in this subsection is indexed under section 321A. (3) The return must: (a) be provided before the end of 20 weeks after the end of the financial year; and (b) be in the approved form. (4) For the purposes of subsection (2), 2 or more gifts made, during the financial year, by the same person to another person are taken to be one gift. 85 Application of item 84 The amendment made by item 84 applies to the 2006‑07 financial year and later financial years. 86 Section 318A Repeal the section. 87 After section 328 Insert: