Electoral Finance Act 2007

  • repealed
55 Obligation to retain records necessary to verify return of party donations
  • (1) A financial agent must take all reasonable steps to ensure that all records, documents, and accounts that are necessary to enable returns under sections 51 and 54 to be verified are retained until the expiry of the period within which a prosecution may be commenced under this Act in relation to the returns or in relation to any matter to which the returns relate.

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