28Certain loans not to be accepted unless details recorded

28 Certain loans not to be accepted unless details recorded

(1)  In this section –

reportable loan means a loan that is a reportable political donation.

(2)  It is unlawful for a person to receive a reportable loan unless the person makes a record of the following:

(a) the terms and conditions of the loan;

(b) the name and address of the person making the loan.

(3)  For the purposes of this section –

(a) separate loans made by one person to the same registered party, Member, candidate or person within a relevant disclosure period are to be aggregated and treated as a single loan; and

(b) each transaction in which credit is provided by the use of a credit card is taken to be a separate loan.