Summary

Amends the

to: reduce the disclosure threshold to $1000; 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; provide that public funding of election campaigning is limited to declared expenditure incurred by the eligible political party, candidate or Senate group, or the sum payable calculated on the number of first preference votes received where they have satisfied the four per cent threshold, whichever is the lesser; provide for the recovery of gifts of foreign property, anonymous gifts and undisclosed gifts; introduce new offences and penalties; and increase penalties for existing offences.