There may be delays in the reconciliation of a gift or loan reported by a recipient (candidates, groups and relevant entities) due to the different lodgement schedules for recipients and donors.
Donor Returns to report a gift made to a relevant entity are lodged half-yearly.
Donor Returns to report a gift or loan made to a candidate or group are only lodged during the designated period of an election.
Relevant entities disclose gifts half-yearly. However, a registered political party is required to report a large gift of more than $25,000, within 7 days of receiving the gift. The corresponding donor disclosure is not lodged until the next half-yearly lodgement of Donor Returns.
In addition, recipients are required to lodge returns in high-frequency during the designated period of an election. During the designated period of an election, Donor Returns are due:
- within 30 days of the start of the designated period, and
- at the end of the designated period.
Therefore, gifts and loans made during the designated period will only be reconciled at the end of the designated period.
For information on the meaning of 'relevant entity' and 'designated period', see the Glossary of Terms in the FAD Portal.