Registered political parties must lodge annual returns of receipts, payments, outstanding liabilities and capital contributions.
What is reported?
- Total amounts received and paid during the year and outstanding liabilities at the end of the year
- Details of persons and organisations who donated or lent the party $1500 or more, and
- In-kind gifting of goods, assets and services that were free or below true market value – except volunteer work.
Reporting period/due date for lodgement
- Reporting is by financial year (July – June)
- Returns are due 16 weeks from the end of the financial year, and
- Returns are available for public inspection at NTEC offices and summaries on this website from 1 March following the due date.
- Registered parties must appoint an agent for disclosure matters
- The onus is on the person disclosing to get it right
- Multiple payments collectively below $1500 do not need to be detailed, but over $1500 collectively must be detailed
- Anonymous donations of $1000 and loans of $1500 or more are illegal
- Disclosure amounts are inclusive of GST, and
- A nil return is required if there is no expenditure.
People and organisations making donations to political parties may be required to submit a return – more information is available under Financial Disclosure – donors to parties and candidates.