Important information regarding your donation
If you make a political donation or incur electoral expenditure of $1,000 or more, you must complete and lodge a declaration with the Election Funding Authority in accordance with the Election Funding 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. Furthermore all gifts and receipts of money, regardless of the purpose, greater than the value of $11,200 are required under the Commonwealth Electoral Act to be reported to the Australian Electoral Commission. NSW legislation precludes corporations, their directors or officers (and their spouses), engaged in property development from making political donations. This includes fundraising events.
If you have any further questiosn regarding donations, please contact us.
