If you make a political donation or incur electoral expenditure of $1,000 or more, you must complete and lodge a declaration with the Election Funding Authority in accordance with the NSW Election Funding and Disclosures Act 1981. You must also disclose a political donation of less than $1,000 if the total amount of political donations made by you in respect to the same party (or associated parties), elected member, group, candidate or person in the same financial year is $1,000 or more. Penalties apply for failing to lodge a declaration. Furthermore all gifts and receipts of money, regardless of the purpose, greater than the value of $10,900 are required under the Commonwealth Electoral Act 1918 to be reported to the Australian Electoral Commission.