Summary

Amends the

to: reduce the disclosure threshold to $1000; require certain persons making gifts at or above the threshold to furnish a return within eight weeks after polling day; ensure that for the purposes of the disclosure threshold and the disclosure of gifts, related political parties are treated as one entity; prohibit the receipt of a gift of foreign property and all anonymous gifts by registered political parties, candidates and members of a Senate group; extend existing recovery powers; and introduce new offences and penalties and increase penalties for existing offences.