Registered political parties must file financial statements with the Electoral Commission each year. We make these statements available to the public.
This is a new requirement for parties, due to recent law changes. The first annual financial statements are due in 2024. The due date for each party depends on whether the party is an incorporated or unincorporated society and what is required by the party’s constitution.
Parties that are incorporated societies must prepare their financial statements in accordance with the Incorporated Societies Acts.
Parties that are unincorporated societies must prepare their financial statements in accordance with their constitution. Parties without a requirement for financial statements in their constitution must file statements conforming to generally accepted accounting practice, and containing:
details of the income and expenditure, or receipts and payments, of the party during the previous financial year, and
details of the assets and liabilities of the party at the close of the previous financial year, and
details of all mortgages, charges, and other security interests of any description affecting any of the property of the party at the close of the previous financial year.
Not all parties need to have their financial statements audited. Parties must provide an audit report if it is required by any other law or by the party’s constitution.
Registered political parties must make a separate annual return detailing donations and loans they have received.
Registered parties, the date financial statements are due, and audit requirements for their financial statements are set out in the table below. Financial statements can be downloaded here once they are received.
