sec.127ABRequirement for relevant third party to operate dedicated account

### sec.127AB Requirement for relevant third party to operate dedicated account This section applies to a relevant third party. The relevant third party must operate an account with a financial institution if the third party pays an amount mentioned in subsection (3) . All amounts paid by the relevant third party, or a person acting with the authority of the third party, during the third party’s disclosure period for the election for electoral expenditure incurred by the third party must be paid— out of the account; and in a way permitted under section 127A . The account must not, during the relevant third party’s disclosure period for the election, be used for paying an amount other than an amount under subsection (3) . If an amount remains in the account at the end of the relevant third party’s disclosure period for the election, the amount or part of the amount may— be kept in the account for incurring electoral expenditure for another election; or be paid to a charity nominated by the third party. An amount mentioned in subsection (5) must not be dealt with other than under that subsection. The relevant third party must take all reasonable steps to ensure the requirements of subsections (2) to (6) are complied with. Maximum penalty for subsection (7) —100 penalty units. s 127AB ins 2023 No. 8 s 44 (sec.127AB-ssec.1) This section applies to a relevant third party. (sec.127AB-ssec.2) The relevant third party must operate an account with a financial institution if the third party pays an amount mentioned in subsection (3) . (sec.127AB-ssec.3) All amounts paid by the relevant third party, or a person acting with the authority of the third party, during the third party’s disclosure period for the election for electoral expenditure incurred by the third party must be paid— out of the account; and in a way permitted under section 127A . (sec.127AB-ssec.4) The account must not, during the relevant third party’s disclosure period for the election, be used for paying an amount other than an amount under subsection (3) . (sec.127AB-ssec.5) If an amount remains in the account at the end of the relevant third party’s disclosure period for the election, the amount or part of the amount may— be kept in the account for incurring electoral expenditure for another election; or be paid to a charity nominated by the third party. (sec.127AB-ssec.6) An amount mentioned in subsection (5) must not be dealt with other than under that subsection. (sec.127AB-ssec.7) The relevant third party must take all reasonable steps to ensure the requirements of subsections (2) to (6) are complied with. Maximum penalty for subsection (7) —100 penalty units. - (a) out of the account; and - (b) in a way permitted under section 127A . - (a) be kept in the account for incurring electoral expenditure for another election; or - (b) be paid to a charity nominated by the third party.