sec.121BDonor must disclose source of gift or loan

### sec.121B Donor must disclose source of gift or loan This section applies to an entity that— makes a gift of a value of $500 or more, or a loan of $500 or more, to— a registered political party that endorses a candidate in an election; or a candidate in an election; or a group of candidates for an election; or an associated entity of a registered political party that endorses a candidate in an election or of a candidate in an election or a group of candidates for an election; or makes a gift mentioned in section 118A (1) to a third party. When the entity makes the gift or loan, the entity must give the recipient of the gift or loan a notice that states— the relevant details of the gift or loan in relation to the entity; and if the entity is not the source of the gift or loan— that fact; and the relevant details of the gift or loan in relation to the entity that is the source of the gift or loan. Maximum penalty—20 penalty units. s 121B ins 2019 No. 30 s 235 amd 2023 No. 8 s 38 (sec.121B-ssec.1) This section applies to an entity that— makes a gift of a value of $500 or more, or a loan of $500 or more, to— a registered political party that endorses a candidate in an election; or a candidate in an election; or a group of candidates for an election; or an associated entity of a registered political party that endorses a candidate in an election or of a candidate in an election or a group of candidates for an election; or makes a gift mentioned in section 118A (1) to a third party. (sec.121B-ssec.2) When the entity makes the gift or loan, the entity must give the recipient of the gift or loan a notice that states— the relevant details of the gift or loan in relation to the entity; and if the entity is not the source of the gift or loan— that fact; and the relevant details of the gift or loan in relation to the entity that is the source of the gift or loan. Maximum penalty—20 penalty units. - (a) makes a gift of a value of $500 or more, or a loan of $500 or more, to— (i) a registered political party that endorses a candidate in an election; or (ii) a candidate in an election; or (iii) a group of candidates for an election; or (iv) an associated entity of a registered political party that endorses a candidate in an election or of a candidate in an election or a group of candidates for an election; or - (i) a registered political party that endorses a candidate in an election; or - (ii) a candidate in an election; or - (iii) a group of candidates for an election; or - (iv) an associated entity of a registered political party that endorses a candidate in an election or of a candidate in an election or a group of candidates for an election; or - (b) makes a gift mentioned in section 118A (1) to a third party. - (i) a registered political party that endorses a candidate in an election; or - (ii) a candidate in an election; or - (iii) a group of candidates for an election; or - (iv) an associated entity of a registered political party that endorses a candidate in an election or of a candidate in an election or a group of candidates for an election; or - (a) the relevant details of the gift or loan in relation to the entity; and - (b) if the entity is not the source of the gift or loan— (i) that fact; and (ii) the relevant details of the gift or loan in relation to the entity that is the source of the gift or loan. - (i) that fact; and - (ii) the relevant details of the gift or loan in relation to the entity that is the source of the gift or loan. - (i) that fact; and - (ii) the relevant details of the gift or loan in relation to the entity that is the source of the gift or loan.