Cash donations over $ 100 will be banned in New South Wales as the government works to restore public confidence in the integrity of the political donations.
This was announced by State President Gladys Berkelian on Wednesday, making New South Wales the first state to impose a monetary donation to political parties.
"I was shocked by what was revealed at the Independent Commission Against Corruption (ICAC) in the past two weeks," said Ms. Brickelian.
"This government has already introduced the strongest donation system in the country, but it is clear that some will continue to defy the law ... That is why I have taken strong action to further protect our political operations," she added.
"This simple reform will mean the end of bad accounting practices, untraceable donations and anonymous criticism that has the potential to distort our political system," she said.
And revealed that «due to the availability of electronic money transfer systems widely and easily, there is no good reason for donations to hide behind the anonymity of your cash identity».
Currently, no single donor may exceed a ceiling of $ 6,400 annually for a party or group, nor may the grantor exceed a maximum amount of $ 2,900 annually for a member, candidate, or external entity.
All political donations of $ 1,000 or more must also be disclosed to the NSW Electoral Commission. These restrictions will remain in parallel with the new monetary ban.
"This sends the strongest possible message that the donation laws should not be violated because the only legal donations will be traceable donations," said Ms. Birgiklian.
Legislation to implement the new restrictions will be submitted to Parliament by the end of the year.