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Electoral Act 1993

Election expenses, donations, and annual financial statements - Annual financial statements of parties

210G: Annual financial statements to be provided to Electoral Commission

You could also call this:

"Parties must give the Electoral Commission their yearly money reports within 6 months of their balance date."

Illustration for Electoral Act 1993

If you are the secretary of a party that is an incorporated society, you must give the Electoral Commission a copy of your party's annual financial statements. You need to do this on the same day you give these statements to the Registrar of Incorporated Societies, or no later than 6 months after your party's balance date.

If your party is not an incorporated society but has a constitution that says you must prepare annual financial statements, you must give these statements to the Electoral Commission within 6 months after your party's balance date.

If your party is not an incorporated society and does not have a constitution that requires annual financial statements, you must still give the Electoral Commission annual financial statements each year. You must do this within 6 months after the default balance date, which is 31 March in any year. These statements must include details of your party's income and expenditure, assets and liabilities, and any mortgages or security interests on your party's property.

You can find out more about what is meant by generally accepted accounting practice in section 8 of the Financial Reporting Act 2013. An incorporated society is a society registered under the Incorporated Societies Act 1908 or the Incorporated Societies Act 2022. You do not have to give the Electoral Commission any annual financial statements for periods before 1 January 2023.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS808111.

Topics:
Government and voting > Elections
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210F: Return of party donations to be publicly available, or

"People can see what donations political parties get and how much they are"

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210H: Auditor’s report on annual financial statements, or

"Checking a party's money records with an auditor's report"

Part 6AElection expenses, donations, and annual financial statements
Annual financial statements of parties

210GAnnual financial statements to be provided to Electoral Commission

  1. The secretary of a party that is an incorporated society must provide a copy of the party’s annual financial statements to the Electoral Commission—

  2. on the same date as the date on which the party’s annual financial statements are given to the Registrar of Incorporated Societies; but
    1. in any event, not later than 6 months after the party’s balance date.

      1. The secretary of a party that is not an incorporated society, but that has a constitution requiring the preparation of annual financial statements for the party, must provide a copy of the party’s annual financial statements to the Electoral Commission within 6 months after the party’s balance date.

      2. The secretary of a party that is not an incorporated society and does not have a constitution requiring the preparation of annual financial statements for the party must provide to the Electoral Commission each year, within 6 months after the most recent default balance date, annual financial statements for the previous 12-month period ending on that default balance date (the previous 12-month period) prepared in accordance with generally accepted accounting practice and containing the following information:

      3. details of the income and expenditure, or receipts and payments, of the party during the previous 12-month period; and
        1. details of the assets and liabilities of the party at the close of the previous 12-month period; and
          1. details of all mortgages, charges, and other security interests of any description affecting any of the property of the party at the close of the previous 12-month period.

            1. No annual financial statements that are in respect of any period before 1 January 2023 are required to be provided to the Electoral Commission under this section.

            2. In this section,—

              default balance date means 31 March in any year

                generally accepted accounting practice has the same meaning as in section 8 of the Financial Reporting Act 2013

                  incorporated society means an incorporated society registered under the Incorporated Societies Act 1908 or the Incorporated Societies Act 2022.

                  Notes
                  • Section 210G: inserted, on , by section 29 of the Electoral Amendment Act 2022 (2022 No 80).