Party Loans

Loans to political parties are subject to new disclosure requirements. The new requirements apply to all loans entered into from the commencement date of the Electoral Amendment Act 2014 (25 March 2014).

A party loan is defined as a written or oral agreement under which a lender lends money to a political party.

More information about party loans can be found in the Party Secretary Handbook under section 7.22 Party Loans.

Loans Exceeding $30,000

Parties are required to make immediate disclosure within 10 working days of receipt to the Electoral Commission of every loan entered into that:

  • Has a loan amount exceeding $30,000; or
  • When aggregated with other loan amounts provided by the same lender in the last 12 months, exceeds $30,000 (section 214F of the Electoral Act).

The M41 Party Loans form to make the disclosure can be downloaded below.

Recipient party, total loan amount, date return received Lender's name and address Date loan entered into Return

Conservative Party of New Zealand

$315,500

31 October 2014

Colin Craig

130 Fairview Avenue

Fairview Heights

Auckland 0632

17 October 2014 Conservative Party Loan 31 October 2014 (PDF 678.94 KB)

 

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Last updated: 05 May 2015