Anyone contemplating being a financial agent should become very familiar with sections 12-19 and section 26 of the Electoral System Referendum Act.
An individual can be a financial agent for a registered referendum advertiser if:
- They are not a candidate and do not intend to be a candidate and are not the official agent of a candidate in the general election.
- They are not an election officer or member of the staffs of the Chief Electoral Officer or the Referendum Commissioner.
- They are not an undischarged bankrupt.
- They have not been convicted of an offence involving fraud within the past 5 years.
- They are 18 or older.
- They are competent to contract their appointment as a financial officer has not already been rescinded.
- They have not been appointed as the financial agent of another referendum advertiser.
Financial Agents have the following duties:
- To open a bank account on behalf of the registered referendum advertiser to be used solely for purposes of the referendum.
- To receive public money from the Referendum Commissioner and deposit in the account.
- To maintain the bank account until the money is used or returned to government.
- To approve and authorize all spending by the registered referendum advertiser.
- To receive and pay referendum expense claims for the registered referendum advertiser.
- To file a complete financial report with the Referendum Commissioner within 90 days after Election Day.
- To swear an affidavit verifying the report and stating that no improper payment was made with his or her knowledge or consent and that to the best of his or her knowledge all expenses incurred are included in the report.
- To ensure that referendum advertising contains within it the proper identification information.