Financial return of leadership contestants and nomination contestants
62.1(1)The official representative of a registered leadership contestant or registered nomination contestant shall submit to the Supervisor a financial return within the period referred to below covering the period beginning when that contestant’s first expenditure was made, first contribution was received or first financing was provided, whichever occurs first, and ending when the financial return is submitted:
(a)
with respect to the official representative of a leadership contestant, within 60 days after the leadership convention, and
(b)
with respect to the official representative of a nomination contestant, within 30 days after the nomination convention.
62.1(2)A financial return submitted by the official representative of a registered leadership contestant or registered nomination contestant shall
(a)
if the total value of all contributions and financing is $2,000 or less, be prepared in accordance with guidelines issued by the Supervisor, be in the form provided by the Supervisor and include a sworn declaration to that effect, and
(b)
if the total value of all contributions and financing is more than $2,000, be prepared in accordance with guidelines issued by the Supervisor, be in the form provided by the Supervisor and set out, for the period covered by the return, the following:
(i)
the financial institutions where the contributions in money received by the leadership contestant or nomination contestant are deposited and the account numbers used;
(ii)
the total sum of amounts of not more than $10 in each case paid to the leadership contestant or nomination contestant as an entrance fee to an activity or demonstration of a political nature together with the nature, place and date of the activity or demonstration where the fees were paid;
(iii)
the details of contributions received from the contributors set out in the groups listed below, including the amount or value of each contribution and whether the contribution is one of money or otherwise, the name and full address of the contributor, the total amount of a contributor’s contributions to the leadership contestant or nomination contestant, and the total amount of contributions received from each of those groups:
(A)
individuals who have each made contributions totalling $100 or less; and
(B)
individuals who have each made contributions totalling more than $100;
(C)
Repealed: 2017, c.37, s.2
(D)
Repealed: 2017, c.37, s.2
(iv)
the name and full address of each individual, if any, that became surety or guarantor on behalf of the leadership contestant or nomination contestant and the amount for which the individual became surety or guarantor;
(v)
the details of financing provided to a leadership contestant or nomination contestant, including:
(A)
the name and address of the lender;
(B)
the amounts borrowed and repaid;
(C)
the rate of interest charged or paid;
(C.1)
the unpaid principal at the beginning and at the end of the period covered by the financial return; and
(D)
the terms of repayment;
(vi)
the total sum of the expenditures incurred;
(vii)
any other income earned by the leadership contestant or nomination contestant; and
(viii)
a sworn statement that the return is complete, true and accurate.
62.1(3)If any liabilities or any surplus are shown to be outstanding on a financial return submitted under subsection (1), the official representative of a registered leadership contestant or registered nomination contestant shall submit a supplementary financial return within six months after the submission of the initial financial return and every six months after that until the liabilities have been repaid or the surplus has been distributed, to a maximum of 18 months.
2015, c.17, s.2; 2017, c.28, s.31; 2017, c.37, s.2