Marginal note:Trust funds
428 (1) If a registered party establishes a trust fund to be used for an election, its chief agent or one of its other registered agents shall prepare a trust fund return in accordance with generally accepted accounting principles on the financial transactions in relation to the trust fund.
Marginal note:Contents of report
(2) A trust fund return must set out
(a) a statement of contributions received from the following classes of contributor: individuals, businesses, commercial organizations, governments, trade unions, corporations without share capital other than trade unions, and unincorporated organizations or associations other than trade unions;
(b) the number of contributors in each class listed in paragraph (a);
(c) subject to paragraph (c.1), the name and address of each contributor in a class listed in paragraph (a) who made contributions of a total amount of more than $200, and that total amount;
(c.1) in the case of a numbered company that is a contributor referred to in paragraph (c), the name of the chief executive officer or president of that company;
(d) a statement of contributions received from the registered party, a trust fund established for the election of a candidate endorsed by the registered party or its electoral district associations, by electoral district;
(e) a statement, in accordance with generally accepted accounting principles, of the trust fund’s assets and liabilities and any surplus or deficit;
(f) a statement, in accordance with generally accepted accounting principles, of revenues and expenses;
(g) a statement, for each electoral district, of transfers of funds by the trust fund to an electoral district association, the candidate endorsed by the registered party or a trust fund established for the election of that candidate;
(h) a statement of loans or security received, including any conditions on them; and
(i) a statement of contributions received but returned to the contributors or otherwise dealt with in accordance with this Act.
Marginal note:Loans
(3) For the purpose of subsection (2), other than paragraph (2)(i), a contribution includes a loan.
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