1) This section applies to a candidate referred to in section 46(5) unless the candidate concerned has opted to have his nomination assented to by the means specified in section 46(5)(a) and (6).

(2) A candidate at a Dáil election referred to in section 46(5), or someone on his behalf, may, before the expiration of the time appointed by this Act for receiving nominations, deposit with the returning officer the sum of €500, and if he fails to do so, his candidature shall be deemed to have been withdrawn.

(3) The deposit that may be made by or on behalf of a candidate pursuant to this section may be made by means of legal tender or, with the consent of the returning officer, in any other manner.