sec.16Period for financial controller of associated entity to give return about gift or loan received— Act , s 294

sec.16 Period for financial controller of associated entity to give return about gift or loan received— Act , s 294

For section 294 (2) (d) of the Act , the day or time prescribed for a return about a gift or loan received by an entity is— if the gift or loan is received by an associated entity of a registered political party within 7 business days before the polling day for a general election or by-election in which the party has endorsed a candidate—24 hours after the gift or loan is received; or if the gift or loan is received by an associated entity of a candidate in an election within 7 business days before the polling day for the election—24 hours after the gift or loan is received; or otherwise—the seventh business day after the day the gift or loan is received.

• (a) if the gift or loan is received by an associated entity of a registered political party within 7 business days before the polling day for a general election or by-election in which the party has endorsed a candidate—24 hours after the gift or loan is received; or
• (b) if the gift or loan is received by an associated entity of a candidate in an election within 7 business days before the polling day for the election—24 hours after the gift or loan is received; or
• (c) otherwise—the seventh business day after the day the gift or loan is received.