- Reduce the disclosure threshold for donors, registered political parties, candidates and others from ‘more than $10,000’ (indexed annually to the CPI) to a flat rate of $1,000.
- Treat donations to different branches of a political party as donations to the same party, so that donors will need to disclose donations totalling $1000 or more to any combination of the branches of the party.
- Reduce the timeframes for the lodgement of returns by political parties to every 6 months, and shorten a range of other reporting periods under the Act.
- Make it unlawful for registered political parties, candidates and members of a Senate group to accept overseas donations, and unlawful for associated entities and other third parties to receive overseas gifts that are used solely or substantially to incur political expenditure.
- Extend the prohibition on accepting anonymous gifts and donations for registered political parties, candidates and Senate groups to all anonymous gifts, and to also cover associated entities and other third persons that use anonymous donations for political purposes.
The "no news" is that "The Rudd government is progressing with several accountability measures - Freedom of Information, privacy and whistleblowers reform," Senator Faulkner told The Weekend Australian , as reported on Saturday, six months since the election that brought the government to office, following its commitment to act on these issues.