Political Donation Requirement:
Please note individual donors need to be on the electoral roll to make a political donation, including purchasing tickets to fundraising events. Non-individual donors require either an Australian Company Number (ACN) or an Australian Business Number (ABN) to make a political donation.
Limitation on Donations to Political Parties:
The donation cap is $5,900 for aggregated political donations to or for the benefit of a registered political party during the financial year.
It is unlawful for a prohibited donor to make a political donation. A property developer, a tobacco industry business entity or a for-profit liquor or gambling business (including any industry representative organisation where the majority of its members are these entities) is prohibited from making political donations. A close associate of a prohibited donor is also prohibited from making political donations. A director or officer (and their spouses) and a person whose voting powers is greater than 20%, are considered to be a close associate.
If you make a political donation of $1,000 or more, you must complete and lodge a declaration with the New South Wales Electoral Commission in accordance with the Election Funding, Expenditure and Disclosures Act 1981. A political donation includes a contribution or entry fee or an annual or other subscription. You must also disclose a political donation of less than $1,000 if the total amount of political donations made by you in respect of the same party (or associated parties), elected member, group, candidate or person in the same financial year is $1,000 or more. Penalties apply for failing to lodge a declaration.