sec.120Loans to candidates or groups of candidates

### sec.120 Loans to candidates or groups of candidates Subsection (2) applies if, during a candidate’s disclosure period for an election, the candidate receives a loan equal to or more than $500. The agent of the candidate must give the electoral commission a return about the loan on or before the disclosure deadline for the return. Subsection (4) applies if, during the disclosure period for a group of candidates for an election, the group receives a loan equal to or more than $500. The agent of the group must give the electoral commission a return about the loan on or before the disclosure deadline for the return. Each return given under subsection (2) or (4) must— be in the approved form; and state the relevant details for the loan. Also, the agent of a candidate in an election or group of candidates for an election must, within the required period for the election, give the electoral commission a return in the approved form, stating— if the candidate or group received loans during the disclosure period— the total value of all loans received during the disclosure period; and the number of entities who made the loans; or otherwise—that no loans were received by the candidate or group during the disclosure period. See also section 43E in relation to candidates who have stopped being members of a group of candidates and section 43F in relation to groups of candidates that have been wound up. For subsections (1) and (3) , the amount of a loan received by the candidate or group is taken to include the value of all other loans previously given to the candidate or group by the same entity during the disclosure period. Subsection (9) applies if the electoral commission receives a return under subsection (6) from— the agent of a candidate who is successful in the election; or the agent of a group of candidates, any of whose members are successful in the election. The electoral commission must give a copy of the return to— the chief executive officer of the local government for which the election was held; and if the return is received from the agent of a group of candidates—each successful candidate who is a member of the group. s 120 amd 2014 No. 44 s 83 sub 2017 No. 12 s 19 amd 2019 No. 30 s 233 ; 2023 No. 8 s 35 (sec.120-ssec.1) Subsection (2) applies if, during a candidate’s disclosure period for an election, the candidate receives a loan equal to or more than $500. (sec.120-ssec.2) The agent of the candidate must give the electoral commission a return about the loan on or before the disclosure deadline for the return. (sec.120-ssec.3) Subsection (4) applies if, during the disclosure period for a group of candidates for an election, the group receives a loan equal to or more than $500. (sec.120-ssec.4) The agent of the group must give the electoral commission a return about the loan on or before the disclosure deadline for the return. (sec.120-ssec.5) Each return given under subsection (2) or (4) must— be in the approved form; and state the relevant details for the loan. (sec.120-ssec.6) Also, the agent of a candidate in an election or group of candidates for an election must, within the required period for the election, give the electoral commission a return in the approved form, stating— if the candidate or group received loans during the disclosure period— the total value of all loans received during the disclosure period; and the number of entities who made the loans; or otherwise—that no loans were received by the candidate or group during the disclosure period. See also section 43E in relation to candidates who have stopped being members of a group of candidates and section 43F in relation to groups of candidates that have been wound up. (sec.120-ssec.7) For subsections (1) and (3) , the amount of a loan received by the candidate or group is taken to include the value of all other loans previously given to the candidate or group by the same entity during the disclosure period. (sec.120-ssec.8) Subsection (9) applies if the electoral commission receives a return under subsection (6) from— the agent of a candidate who is successful in the election; or the agent of a group of candidates, any of whose members are successful in the election. (sec.120-ssec.9) The electoral commission must give a copy of the return to— the chief executive officer of the local government for which the election was held; and if the return is received from the agent of a group of candidates—each successful candidate who is a member of the group. - (a) be in the approved form; and - (b) state the relevant details for the loan. - (a) if the candidate or group received loans during the disclosure period— (i) the total value of all loans received during the disclosure period; and (ii) the number of entities who made the loans; or - (i) the total value of all loans received during the disclosure period; and - (ii) the number of entities who made the loans; or - (b) otherwise—that no loans were received by the candidate or group during the disclosure period. - (i) the total value of all loans received during the disclosure period; and - (ii) the number of entities who made the loans; or - (a) the agent of a candidate who is successful in the election; or - (b) the agent of a group of candidates, any of whose members are successful in the election. - (a) the chief executive officer of the local government for which the election was held; and - (b) if the return is received from the agent of a group of candidates—each successful candidate who is a member of the group.