sec.121Particular loans not to be received

### sec.121 Particular loans not to be received A candidate for an election, or person acting on behalf of the candidate, must not receive a loan of $500 or more from a person during the candidate’s disclosure period for the election unless the candidate or person keeps a record of the loan. A group of candidates for an election, or person acting on behalf of the group of candidates, must not receive a loan of $500 or more from a person during the group’s disclosure period for the election unless the group or person keeps a record of the loan. The record under subsection (1) or (2) must state the following— the terms of the loan; if the loan was received from a registered industrial organisation— the name of the organisation; and the names and addresses of the members of the executive committee, however described, of the organisation; if the loan was received from an unincorporated association— the name of the association; and unless the association is a registered industrial organisation—the names and residential or business addresses of the members of the executive committee, however described, of the association; if the loan was paid out of a trust fund or out of the funds of a foundation— the names and residential or business addresses of the trustees of the fund or other persons responsible for the funds of the foundation; and the title or other description of the trust fund, or the name of the foundation; and if the loan is made out of a trust account of a lawyer or accountant under the instructions of a person who is in substance the lender—the name and residential or business address of the lender; if none of paragraphs (b) , (c) and (d) applies—the name and residential or business address of the person. For subsections (1) and (2) , 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. s 121 amd 2017 No. 12 s 20 ; 2019 No. 30 s 234 ; 2023 No. 8 s 37 (sec.121-ssec.1) A candidate for an election, or person acting on behalf of the candidate, must not receive a loan of $500 or more from a person during the candidate’s disclosure period for the election unless the candidate or person keeps a record of the loan. (sec.121-ssec.2) A group of candidates for an election, or person acting on behalf of the group of candidates, must not receive a loan of $500 or more from a person during the group’s disclosure period for the election unless the group or person keeps a record of the loan. (sec.121-ssec.3) The record under subsection (1) or (2) must state the following— the terms of the loan; if the loan was received from a registered industrial organisation— the name of the organisation; and the names and addresses of the members of the executive committee, however described, of the organisation; if the loan was received from an unincorporated association— the name of the association; and unless the association is a registered industrial organisation—the names and residential or business addresses of the members of the executive committee, however described, of the association; if the loan was paid out of a trust fund or out of the funds of a foundation— the names and residential or business addresses of the trustees of the fund or other persons responsible for the funds of the foundation; and the title or other description of the trust fund, or the name of the foundation; and if the loan is made out of a trust account of a lawyer or accountant under the instructions of a person who is in substance the lender—the name and residential or business address of the lender; if none of paragraphs (b) , (c) and (d) applies—the name and residential or business address of the person. (sec.121-ssec.4) For subsections (1) and (2) , 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. - (a) the terms of the loan; - (b) if the loan was received from a registered industrial organisation— (i) the name of the organisation; and (ii) the names and addresses of the members of the executive committee, however described, of the organisation; - (i) the name of the organisation; and - (ii) the names and addresses of the members of the executive committee, however described, of the organisation; - (c) if the loan was received from an unincorporated association— (i) the name of the association; and (ii) unless the association is a registered industrial organisation—the names and residential or business addresses of the members of the executive committee, however described, of the association; - (i) the name of the association; and - (ii) unless the association is a registered industrial organisation—the names and residential or business addresses of the members of the executive committee, however described, of the association; - (d) if the loan was paid out of a trust fund or out of the funds of a foundation— (i) the names and residential or business addresses of the trustees of the fund or other persons responsible for the funds of the foundation; and (ii) the title or other description of the trust fund, or the name of the foundation; and (iii) if the loan is made out of a trust account of a lawyer or accountant under the instructions of a person who is in substance the lender—the name and residential or business address of the lender; - (i) the names and residential or business addresses of the trustees of the fund or other persons responsible for the funds of the foundation; and - (ii) the title or other description of the trust fund, or the name of the foundation; and - (iii) if the loan is made out of a trust account of a lawyer or accountant under the instructions of a person who is in substance the lender—the name and residential or business address of the lender; - (e) if none of paragraphs (b) , (c) and (d) applies—the name and residential or business address of the person. - (i) the name of the organisation; and - (ii) the names and addresses of the members of the executive committee, however described, of the organisation; - (i) the name of the association; and - (ii) unless the association is a registered industrial organisation—the names and residential or business addresses of the members of the executive committee, however described, of the association; - (i) the names and residential or business addresses of the trustees of the fund or other persons responsible for the funds of the foundation; and - (ii) the title or other description of the trust fund, or the name of the foundation; and - (iii) if the loan is made out of a trust account of a lawyer or accountant under the instructions of a person who is in substance the lender—the name and residential or business address of the lender;