48. Do political parties have to report on their election campaign finances?




Declaration of assets, liabilities and expenditure in relation to elections
(1) A political party shall, at least 30 days before general elections, submit to the Registrar a statement of its assets and liabilities.
(1A) A political party must, no later than the sixtieth day after polling day, submit to the Registrar a written declaration giving details of all assets and liabilities as at the thirtieth day after polling day and income and expenditure, including all contributions, donations or pledges of contributions or donations, whether in cash or in kind, made or to be made from the date the writ is issued to the thirtieth day after polling day.”; and
(2) Notwithstanding any other penalty provided in this Act or in any other written law, the Registrar shall deregister a political party which—
• (a)fails to comply with this section; or
• (b)submits a statement which is false in any material particulars.
(3) The Registrar shall publish the information received by him or her under subsections (1) and (1A) in the Gazette and in the media, and the costs of any such publication shall be paid by or recovered from the political party.

Source: Section 25, Political Parties (Registration, Conduct, Funding and Disclosures) (Amendment) Act 2021.

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