New South Wales Consolidated Acts

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ELECTORAL FUNDING ACT 2018 - SECT 54

Loans included as political donations

54 Loans included as political donations

(cf section 96GC EFED Act)

(1) A loan that, if it had been a gift, would be a political donation is to be regarded as a political donation for the purposes of this Division unless the loan is from a financial institution.
(2) In this section--

"financial institution" means an entity whose principal business is the provision of financial services or financial products, and includes an authorised deposit-taking institution.

"loan" means an advance of money, the provision of credit or any other transaction that in substance effects a loan of money.



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