Section 53 — Meaning of “reportable political donation”

(1)In this Act, a “reportable political donation” is —

(a)in the case of disclosure under section 62 by a politically significant person — a political donation of or exceeding $10,000 (or a higher amount prescribed by Regulations in substitution) made to or for the benefit of that politically significant person; or

(b)in the case of disclosure under section 70 by a major political donor — a political donation of or exceeding $10,000 (or a higher amount prescribed by Regulations in substitution) made to or for the benefit of a politically significant person.

(2)A political donation of less than an amount specified in subsection (1)(a) or (b) made by a person (called a donor) to a politically significant person must be treated as a reportable political donation of the politically significant person if —

(a)that political donation made by the donor in a reporting period to the politically significant person; and

(b)another earlier, separate political donation made by that donor to the same politically significant person within the same reporting period, would, if aggregated, constitute a reportable political donation under subsection (1)(a) or (b), as the case may be.