Political donations required to be disclosed
19 Political donations required to be disclosed
(cf section 92 EFED Act)
General Political donations are to be disclosed in accordance with this section.
Reportable political donations Disclosure of reportable political donations is to include disclosure of the following details of each such donation received or made during the relevant disclosure period—
the party, elected member, group or candidate to or for whose benefit the donation was made (or, if the case requires, the third-party campaigner or associated entity to whom the donation was made),
the date on which the donation was received or made,
the name of the donor,
the residential address of the donor (in the case of an individual) or the address of the registered or other official office of the donor (in the case of an entity),
the amount of the donation,
in the case of a donor that is an entity and not an individual—the relevant business number of the entity referred to in section 46,
in relation to the disclosure of a political donation that is a reportable political donation by operation of section 6(2)—details that separately identify that political donation and the earlier political donation or donations with which it is aggregated,
in relation to the disclosure by a party of a reportable political donation to the party—
whether the donation was solicited by particular candidates endorsed by the party or elected members of the party and, if so, the name of the candidates or elected members, and
whether the donation was made for the direct benefit of particular candidates endorsed by the party or elected members of the party and, if so, the name of the candidates or elected members.
To avoid doubt, if a party discloses a political donation made to the party was solicited by, or made for the direct benefit of, particular candidates or elected members under subsection (2)(h)—
the candidate or elected member is not required to also disclose the political donation, and
the donation is subject to the cap on political donations to the party specified in section 23(1)(a).
Small donations Disclosure of political donations (that are not reportable political donations) is to include disclosure of—
the total amount of those donations during the relevant disclosure period, and
the total number of persons who made those donations.
This subsection does not apply to disclosures by third-party campaigners or major political donors.
Annual party membership or affiliation subscriptions Disclosure by a party of political donations is to include disclosure of—
the total amount of annual or other subscriptions paid to the party by members or affiliates of the party during the relevant disclosure period, and
each subscription rate, and
the number of members who paid the subscriptions at each of those subscription rates.
Disclosure of a subscription under this subsection is not required if it is disclosed as a reportable political donation.
Fundraising ventures or functions Disclosure of political donations is to include, in connection with fundraising ventures or functions during the relevant disclosure period—
the gross proceeds of each fundraising venture or function, and
details of each such venture or function (including a brief description of its nature and the date on which or period in which it was held),
but not including any amount of those proceeds that is separately disclosed as a political donation.
Loans Disclosure of reportable political donations is to include disclosure of the following information in relation to any reportable loan under section 50—
the amount of the loan,
the name and address of the entity or other person making the loan,
the terms and conditions of the loan,
the total loan repayments made under the loan during the relevant disclosure period.
Discretionary disclosures Details of a political donation may be disclosed under this Part even if they are not required to be disclosed under this section.
This Act’s bill:Explanatory memorandumSecond reading speech
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