Obligation to retain records necessary to verify promoter's advertising expenses

1 This section applies to a promoter who— a is an unregistered promoter: b at any time during the regulated period has been an unregistered promoter. 2 A promoter to whom this section applies must take all reasonable steps to retain the records, documents, and accounts that are necessary to enable verification of the advertising expenses incurred as an unregistered promoter in relation to an election advertisement. 3 Subsection (2) applies until the close of the day that is 3 years after polling day for the election to which the advertisement relates. 4 Every promoter who fails, without reasonable excuse, to comply with subsection (2) commits an offence and is liable on conviction to a fine not exceeding $40,000. Section 204E : inserted , on 1 January 2011 , by section 7 of the Electoral (Finance Reform and Advance Voting) Amendment Act 2010 (2010 No 137). Section 204E(4) : amended , on 1 July 2013 , by section 413 of the Criminal Procedure Act 2011 (2011 No 81).