The Electoral Act 2002 (VIC) require both donors and recipients to disclose political donations worth $1,240 or more via the Victorian Electoral Commission (VEC) website within 21 days of giving or receiving that donation.
Donors must also disclose multiple donations given in the same financial year to a single
recipient, which, when combined, add up to $1,240 or more.
Once the $1,210 donation disclosure limit has been reached, any additional donations given
in the same financial year to that recipient must also be disclosed. This includes donations
that are less than $1,240.
Prohibited Donors
Federal and State legislation prohibits political donations are banned from foreign donors. (i.e. any donor
that is not an Australian citizen or resident, or a business with a relevant Australian Business Number)
Limits on Donations
From 25 November 2018, there is a cap of $4,970 from any one donor to any one recipient within an election period. Donors also cannot donate to more than six third party campaigners during the election period. Registered political parties, its endorsed candidates, groups and elected members and its nominated entity are all considered as one recipient for the purpose of the cap.
Further Information
The above is a summary only. For the complete requirements refer to the Electoral Act 2002 (VIC) VEC Website: www.vec.vic.gov.au
