Electoral Act 1993

Loans - General provisions relating to loans

214BA: Records of loans: candidates

You could also call this:

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

Illustration for Electoral Act 1993

If you are a candidate, you must keep proper records of all loans you enter into. 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 if you are found guilty of an offence.

You can find more information about this rule in the Electoral Act 1993, which was amended by the Electoral Amendment Act 2022. This amendment was made on 1 January 2023.

As a candidate, it is your responsibility to follow this rule and keep proper records of your loans to avoid any penalties.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS808088.


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


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Part 6BLoans
General provisions relating to loans

214BARecords of loans: candidates

  1. A candidate must keep proper records of all loans they enter into.

  2. A candidate 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 214BA: inserted, on , by section 12 of the Electoral Amendment Act 2022 (2022 No 80).