About Funds Raised and not spent

Anonymous has left a new comment on your post "So Soon Forgotten...or Never Understood ?":

@22:20
A question for you. If Gallo flips & runs for councillor, does he have to return money collected for his 
run for Mayor.

Posted by Anonymous to Our Town and Its Business at 17 July 2014 1
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I can't see why. 

I understand  he is currently registered as candidate for Mayor. If he changes his mind and  registers as a candidate for Council, a second registration fee must be paid.

The first fee will not be returned to him until after the election.

Funds collected for election  must be declared  in a declaration of financial expenses after the election.  There's a time limit for the statement to be submitted to the  election officer.

Any funds collected and not spent in the election must be deposited with the municipality.

They can be used in a future election.. If not ,the municipality is  legally entitled to abscond with the proceeds.

I don't know why that is.  Unlike senior levels, the Municipality contributes nothing to municipal candidate election expense.