Commentary on Sections Regulation of loans Section 71F Regulated transactions
315.Section 71F sets out which types of transactions are regulated in the regime.
316.Subsection (2) provides that an agreement whereby a loan of money is made to a political party is a regulated transaction.
317.Subsection (3) provides that an agreement whereby a person provides a credit facility to a political party is a regulated transaction.
318.Subsection (4) provides that an arrangement whereby a third party offers any form of security (whether real or personal, therefore including personal guarantees), which supports a transaction between another person and a political party is a regulated transaction. The transaction which the security supports may be the provision to the political party of a loan of money or credit facility, or property, services or facilities.
319.Subsection (5) provides that an agreement or arrangement which does not fall within any of these definitions when it is first entered into, will become a regulated transaction if the terms of the agreement or arrangement are varied to bring it within one of the above definitions.
320.Subsection (13) provides an order making power, subject to the affirmative resolution procedure, to exclude specified circumstances from the definition of regulated transaction.