sec.118AAGifts to associated entities of candidates or groups of candidates

### sec.118AA Gifts to associated entities of candidates or groups of candidates Subsection (2) applies if— an entity receives a gift— during a reporting period; and when the entity is an associated entity of a candidate in an election or a group of candidates for an election; and the value of the gift is equal to or more than $500. The financial controller of the associated entity must give the electoral commission a return about the gift on or before the disclosure deadline for the return. Each return must— be in the approved form; and state the relevant details for the gift. For subsection (1) , the value of a gift is taken to include the value of all other gifts previously given to the associated entity by the same entity during the reporting period. s 118AA ins 2023 No. 8 s 31 (sec.118AA-ssec.1) Subsection (2) applies if— an entity receives a gift— during a reporting period; and when the entity is an associated entity of a candidate in an election or a group of candidates for an election; and the value of the gift is equal to or more than $500. (sec.118AA-ssec.2) The financial controller of the associated entity must give the electoral commission a return about the gift on or before the disclosure deadline for the return. (sec.118AA-ssec.3) Each return must— be in the approved form; and state the relevant details for the gift. (sec.118AA-ssec.4) For subsection (1) , the value of a gift is taken to include the value of all other gifts previously given to the associated entity by the same entity during the reporting period. - (a) an entity receives a gift— (i) during a reporting period; and (ii) when the entity is an associated entity of a candidate in an election or a group of candidates for an election; and - (i) during a reporting period; and - (ii) when the entity is an associated entity of a candidate in an election or a group of candidates for an election; and - (b) the value of the gift is equal to or more than $500. - (i) during a reporting period; and - (ii) when the entity is an associated entity of a candidate in an election or a group of candidates for an election; and - (a) be in the approved form; and - (b) state the relevant details for the gift.