New South Wales Consolidated Acts New South Wales Consolidated Acts(cf section 97I EFED Act)
(1) Parties that are not eligible for payments from the Administration Fund are, subject to and in accordance with this Act, eligible for annual payments, on a financial year basis, from the New Parties Fund.
(2) A party is eligible for payments from the New Parties Fund if--(a) it is a registered party and has been a registered party for at least 12 months on the date the entitlement to an annual payment is determined under this Division, and(b) the Electoral Commission is satisfied that it operates as a genuine political party, and(c) it is not entitled to payments from the Administration Fund.
(3) The annual amount to be distributed from the New Parties Fund to any such eligible party is the amount of actual policy development expenditure incurred by or on behalf of the party during the financial year to which the payment relates, but not exceeding the relevant maximum amount of payment in relation to the party.
(4) The relevant maximum amount of an annual payment in relation to an eligible party is the amount of 70 cents for each first preference vote received by any candidate at the previous State election who was endorsed by the party, being either--(a) votes received by any such candidate at the previous Assembly general election, or(b) votes received by any such candidate (or any candidate included in the same group) at the previous periodic Council election.The relevant maximum amount is zero if no such first preference votes were received.
(5) Despite subsection (4), during the first 8 calendar years after a party first becomes a registered party, the relevant maximum amount is $13,300 if the amount referred to in subsection (4) is less than $13,300.
(6) The amounts referred to in subsections (4) and (5) are adjustable amounts that are to be adjusted for inflation as provided by Schedule 1.