Cash donations above $100 will be banned in NSW as the Government acts to restore the public\u2019s confidence in the integrity of political donations.
\nPremier Gladys Berejiklian made the announcement on Wednesday, making NSW the first jurisdiction to cap cash donations made to political parties.
\n\u201cI have been shocked by what has been uncovered at the Independent Commission Against Corruption (ICAC) over the last two weeks,\u201d Ms Berejiklian said.
\n\u201cThis Government has already introduced the strongest donations regime in the nation but it is clear that some will continue to defy the law.
\n\u201cThat is why I am taking strong action to further protect our political processes.
\n\u201cThis simple reform will mean an end to the poor accounting practices, untraceable donations and the anonymous cash that has the potential to mar our political system.
\n\u201cGiven the wide and easy availability of electronic funds transfer systems, there is no good reason for donations to hide behind the anonymity of cash.\u201d
\nCurrently, no single donor may exceed a cap of $6400 a year to a party or group, nor may a donor exceed a cap of $2900 a year to a member, candidate or third-party campaigner.
\nAll political donations of $1000 or more must also be disclosed to the NSW Electoral Commission. These restrictions will remain in parallel with the new cash ban.
\n\u201cThis sends the strongest possible message that donation laws must not be flouted because the only legal donations will be traceable donations,\u201d Ms Berejiklian said.
\nLegislation to enact the new restrictions will be introduced to Parliament by the end of the year.
\nCash donations above $100 will be banned in NSW as the Government acts to restore the public\u2019s confidence in the integrity of political donations.
\nPremier Gladys Berejiklian made the announcement on Wednesday, making NSW the first jurisdiction to cap cash donations made to political parties.
\n\u201cI have been shocked by what has been uncovered at the Independent Commission Against Corruption (ICAC) over the last two weeks,\u201d Ms Berejiklian said.
\n\u201cThis Government has already introduced the strongest donations regime in the nation but it is clear that some will continue to defy the law.
\n\u201cThat is why I am taking strong action to further protect our political processes.
\n\u201cThis simple reform will mean an end to the poor accounting practices, untraceable donations and the anonymous cash that has the potential to mar our political system.
\n\u201cGiven the wide and easy availability of electronic funds transfer systems, there is no good reason for donations to hide behind the anonymity of cash.\u201d
\nCurrently, no single donor may exceed a cap of $6400 a year to a party or group, nor may a donor exceed a cap of $2900 a year to a member, candidate or third-party campaigner.
\nAll political donations of $1000 or more must also be disclosed to the NSW Electoral Commission. These restrictions will remain in parallel with the new cash ban.
\n\u201cThis sends the strongest possible message that donation laws must not be flouted because the only legal donations will be traceable donations,\u201d Ms Berejiklian said.
\nLegislation to enact the new restrictions will be introduced to Parliament by the end of the year.<\/p>\n","protected":false},"excerpt":{"rendered":"
Cash donations above $100 will be banned in NSW as the Government acts to restore the public\u2019s confidence in the integrity of political donations. Premier Gladys Berejiklian made the announcement on Wednesday, making NSW the first jurisdiction to cap cash donations made to political parties. \u201cI have been shocked by what has been uncovered at … Continue reading “CASH POLITICAL DONATIONS CAPPED IN NSW”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-3686","post","type-post","status-publish","format-standard","hentry","category-nswnews"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/3686","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=3686"}],"version-history":[{"count":0,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/3686\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=3686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=3686"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=3686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}