Section 37 - Electoral Funding Act 2018 - Campaign accounts of parties

37Campaign accounts of parties

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37 Campaign accounts of parties

(cf section 96 EFED Act)

(1) The State campaign account and the local government campaign account of a party are each to be separate accounts with an authorised deposit-taking institution denominated in Australian dollars.

(2) The following may be paid into the State campaign account of a party—

(a) political donations made to the party (including the proceeds of the investment or disposal of any political donation of property that is held as an asset of the account) other than political donations (or the proceeds of political donations) paid into a local government or federal campaign account,

(b) political donations paid to a party agent of the party on behalf of an elected member, candidate or group,

(c) contributions by candidates to finance the candidates’ own election campaigns,

(d) payments made to the party under Part 4 (Public funding of State election campaigns) at any time,

(e) money borrowed by the party at any time (other than money borrowed for a local government or federal election),

(f) a bequest to the party,

(g) money belonging to the party on 1 January 2011,

(h) the proceeds of the investment or disposal of any other property belonging to the party on or before 1 January 2011,

(i) the proceeds of an investment made, or disposal of property purchased, after 1 January 2011 from money or proceeds of the kind referred to in paragraphs (g) and (h),

(j) any other money of a kind that is prescribed by the regulations for the purposes of this subsection.

(3) However, the following may not be paid into the State campaign account of a party—

(a) a party subscription referred to in section 26, other than any amount that exceeds the maximum subscription referred to in that section and that constitutes a political donation to the party,

(b) any amount of a political donation to the party that exceeds the applicable cap on political donations to the party, elected member, candidate or group under section 23,