62AExemption from requirement to prepare quarterly reports

1

This section applies if each of four consecutive donation reports prepared by the treasurer of a registered party in pursuance of subsection (1) of section 62 contains—

a

in the case of a party without accounting units, a statement under subsection (10) of that section, or

b

in the case of a party with accounting units, statements under subsection (10) of that section in relation to the central organisation of the party and each of its accounting units.

2

The treasurer is not required to prepare any further donation reports in pursuance of subsection (1) of that section until a recordable donation—

a

is accepted by the registered party, or

b

is dealt with by the registered party in accordance with section 56(2).

3

A recordable donation is a donation which is required to be recorded by virtue of any of subsections (4) to (9) of section 62 (including those subsections as applied by subsection (11) of that section).

4

If a recordable donation is accepted or (as the case may be) dealt with in accordance with section 56(2), nothing in this section affects the operation of section 62 in relation to—

a

the reporting period in which the recordable donation is so accepted or dealt with, or

b

any subsequent reporting period which falls before the time (if any) when this section again applies in relation to the party.

5

In this section, “donation report” and “reporting period” have the same meaning as in section 62.