sec.127Requirement for group of candidates to operate dedicated account

### sec.127 Requirement for group of candidates to operate dedicated account This section applies if a candidate is a member of a group of candidates for an election. The group must operate an account with a financial institution if the group receives an amount mentioned in subsection (3) or pays an amount mentioned in subsection (4) . All amounts received by the group, or a person acting with the authority of the group, during the group’s disclosure period for the election for the conduct of the group’s election campaign, including all gifts received by the group for the election, and all amounts received as loans to the group, must be placed in the account. All amounts paid by the group, or a person acting with the authority of the group, during the group’s disclosure period for the election for the conduct of the group’s election campaign, including electoral expenditure incurred by the group, must be paid— out of the account; and in a way permitted under section 127A . The account must not, during the group’s disclosure period for the election, be used other than for receiving and paying amounts under subsections (3) and (4) . If an amount remains in the account at the end of the group’s disclosure period for the election, the amount or part of the amount may— be kept in the account for the conduct of another election campaign by the group; or if each member of the group was a member of a political party during the disclosure period—be paid to the political party; or be paid to a charity nominated by the group. An amount mentioned in subsection (6) must not be dealt with other than under that subsection. Each candidate who is a member of the group must take all reasonable steps to ensure the requirements of subsections (2) to (7) are complied with. Maximum penalty for subsection (8) —100 penalty units. s 127 amd 2017 No. 12 s 26; 2019 No. 30 s 187 ; 2023 No. 8 s 43 ; 2023 No. 30 s 113B (sec.127-ssec.1) This section applies if a candidate is a member of a group of candidates for an election. (sec.127-ssec.2) The group must operate an account with a financial institution if the group receives an amount mentioned in subsection (3) or pays an amount mentioned in subsection (4) . (sec.127-ssec.3) All amounts received by the group, or a person acting with the authority of the group, during the group’s disclosure period for the election for the conduct of the group’s election campaign, including all gifts received by the group for the election, and all amounts received as loans to the group, must be placed in the account. (sec.127-ssec.4) All amounts paid by the group, or a person acting with the authority of the group, during the group’s disclosure period for the election for the conduct of the group’s election campaign, including electoral expenditure incurred by the group, must be paid— out of the account; and in a way permitted under section 127A . (sec.127-ssec.5) The account must not, during the group’s disclosure period for the election, be used other than for receiving and paying amounts under subsections (3) and (4) . (sec.127-ssec.6) If an amount remains in the account at the end of the group’s disclosure period for the election, the amount or part of the amount may— be kept in the account for the conduct of another election campaign by the group; or if each member of the group was a member of a political party during the disclosure period—be paid to the political party; or be paid to a charity nominated by the group. (sec.127-ssec.7) An amount mentioned in subsection (6) must not be dealt with other than under that subsection. (sec.127-ssec.8) Each candidate who is a member of the group must take all reasonable steps to ensure the requirements of subsections (2) to (7) are complied with. Maximum penalty for subsection (8) —100 penalty units. - (a) out of the account; and - (b) in a way permitted under section 127A . - (a) be kept in the account for the conduct of another election campaign by the group; or - (b) if each member of the group was a member of a political party during the disclosure period—be paid to the political party; or - (c) be paid to a charity nominated by the group.