Commonwealth Electoral Amendment (Cleaning up Political Donations) Bill 2023

Amends the Commonwealth Electoral Act 1918 to: lower the donation disclosure threshold from $13,800 to $1,000 for individual donations and require aggregation under the threshold; expand the definition of 'gift'; introduce a cap of $50,000 on the total amount of donations a donor can provide during an electoral cycle; require real-time disclosure by gift recipients to the Australian Electoral Commission (AEC) within two business days of the donation threshold being reached or exceeded; require the AEC to publish donation returns by reporting entities on the Transparency Register as soon as reasonably practicable; introduce an electoral expenditure cap to limit the amount of money that can be spent on federal election campaigns; prohibit political donations from particular industries, including fossil fuel entities, gambling companies, liquor companies and the tobacco industry; and increase certain penalties for corporations.
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