If you are a party secretary, you can enter into a loan on behalf of your party. You need the party's authorisation to do this, and only you can enter into a loan for the party. If you enter into a loan that is not in writing, you must make a written record of it as soon as possible.

If you enter into a loan without following these rules, it is considered an illegal contract under subpart 5 of Part 2 of the Contract and Commercial Law Act 2017. This means the loan does not follow the law. You must be careful when entering into loans for your party.

When you enter into a loan, you are responsible for making sure it is done correctly. You must have the party's authorisation and follow the rules. If you do not follow the rules, the loan can be considered illegal.