Electoral Funding Act 2018

Each of the adjustable amounts specified in a provision of Division 3 (Caps on political donations) of Part 3 (Political donations and electoral expenditure) and in section 47 (Prohibition on certain indirect campaign contributions) is to be adjusted for inflation for the 2018–2019 financial year and each subsequent financial year as provided by this clause.

The adjustable amounts that are to apply for the 2018–2019 financial year are to be determined by multiplying the adjustable amounts specified in Division 3 (Caps on political donations) of Part 3 (Political donations and electoral expenditure) and in section 47 (Prohibition on certain indirect campaign contributions) by the annual increase in the Consumer Price Index during the previous financial year.

The adjustable amounts that are to apply for a subsequent financial year are to be determined by multiplying the adjustable amounts that applied for the previous financial year by the annual increase in the Consumer Price Index during that previous financial year.

The annual increase in the Consumer Price Index during a financial year is to be calculated as B/A where—

If B/A is less than 1 (as a result of deflation), B/A is deemed to be 1.

The Electoral Commission is to publish notice on the NSW legislation website and its website of the amount of each adjustable amount for a financial year (as adjusted under this Schedule)—

in relation to the 2018–2019 financial year—as soon as possible after the commencement of this clause, and

in relation to any subsequent financial year—before the start of the financial year.