sec.120ALoans to associated entities of candidates or groups of candidates

### sec.120A Loans to associated entities of candidates or groups of candidates This section applies if an entity— receives a loan— 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 amount of the loan is equal to or more than $500. The financial controller of the associated entity must give the electoral commission a return about the loan on or before the disclosure deadline for the return. Each return must— be in the approved form; and state the relevant details for the loan. For subsection (1) , the amount of a loan is taken to include the amount of all other loans previously given to the associated entity by the same entity during the reporting period. s 120A ins 2023 No. 8 s 36 (sec.120A-ssec.1) This section applies if an entity— receives a loan— 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 amount of the loan is equal to or more than $500. (sec.120A-ssec.2) The financial controller of the associated entity must give the electoral commission a return about the loan on or before the disclosure deadline for the return. (sec.120A-ssec.3) Each return must— be in the approved form; and state the relevant details for the loan. (sec.120A-ssec.4) For subsection (1) , the amount of a loan is taken to include the amount of all other loans previously given to the associated entity by the same entity during the reporting period. - (a) receives a loan— (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 amount of the loan 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 loan.