(1) No nomination shall be valid unless ¾

(a) the nomination paper is received by the Returning Officer after the issue of the writ and before the hour of nomination; and

(b) at or before the hour of nomination, the required deposit is lodged with the Returning Officer by or on behalf of the candidate in money or by a cheque drawn by a financial institution upon itself and payable to the Electoral Commissioner.

(2) Unless a greater amount is prescribed, $250 is the }required deposit~ for the purposes of subsection (1) (b).

[Section 81 inserted by No. 43 of 1996 s.9; amended by No. 24 of 2000 s.50.]