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Electoral Act 1993

Loans - General provisions relating to loans

214B: Records of loans: parties

You could also call this:

"Parties must keep accurate records of their loans or risk a big fine"

Illustration for Electoral Act 1993

If you are a party secretary, you must keep proper records of all loans entered into on behalf of the party. You have to make sure these records are accurate and complete. If you do not keep these records and you do not have a good reason for not doing so, you can be fined up to $40,000. You can find more information about this rule in the Electoral Amendment Act 2014 and the Electoral Amendment Act 2022. As a party secretary, it is your responsibility to follow this rule and keep the required records.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM310339.

Topics:
Government and voting > Elections
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Part 6BLoans
General provisions relating to loans

214BRecords of loans: parties

  1. A party secretary must keep proper records of all loans entered into on behalf of the party.

  2. A party secretary who fails, without reasonable excuse, to comply with subsection (1) commits an offence and is liable on conviction to a fine not exceeding $40,000.

Notes
  • Section 214B: inserted, on , by section 41 of the Electoral Amendment Act 2014 (2014 No 8).
  • Section 214B heading: replaced, on , by section 11 of the Electoral Amendment Act 2022 (2022 No 80).