Audit Requirements

General Requirements

This section does not apply to political donors.

A declaration of disclosures must be certified by a registered company auditor. The NSWEC's disclosure forms contain an audit certificate for the auditor to sign. As an alternative a separate audit certificate may be provided but must state the following:

  • the auditor was given full and free access at all reasonable times to all accounts and documents of the agent responsible for lodging the declaration and of the party, elected member, group, candidate or third-party campaigner (as the case requires) relating directly or indirectly to any matter required to be disclosed, and
  • the auditor duly examined such of those accounts and documents as the auditor considered material for the purposes of giving the certificate, and
  • the auditor received all information and explanations that the auditor asked for with respect to any matter required to be set out in the declaration, subject to the qualifications (if any) specified in the certificate, and
  • the auditor has no reason to think that any statement in the declaration is not correct.

The Australian Securities and Investments Commission (ASIC) keeps a register of company auditors.

Auditors are encouraged to follow the NSWEC's guidelines for auditing a declaration of disclosures (See Reference Guide for Auditors)

Audit waivers and exemptions

An elected member, candidate, group of candidates or third-party campaigner is exempt from the audit requirement if the NSWEC has waived the requirement. The NSWEC has waived the audit requirement for certain elected members, candidates and groups.

The NSWEC can revoke a waiver for a particular elected member, candidate or group at any time.

The NSWEC has no power to waive the audit requirement for a political party.

If an audit requirement has not been waived for an elected member, candidate, group or third-party campaigner an application may be made in writing to the NSWEC to request the NSWEC waive the audit requirement (See Contact us).

The NSWEC has currently waived the audit requirement in the following cases:

Audit waiver for local Councillors & local Council election candidates

This applies to declarations of disclosures for the 12-month disclosure period ending 30 June 2017.

The audit requirement is waived for a local Councillor or local Council election candidate (who was not a member of a group, or who was a member of a group but who did not have the same official agent as the group) where, during the period 1 July 2016 to 30 June 2017:

  • no more than $2,500 in electoral expenditure was incurred in the disclosure period; and
  • no more than $2,500 in political donations were received in the disclosure period; and
  • no reportable political donations were made in the disclosure period (except in the form of affiliation or membership fees to a party by which the local Councillor or candidate is  a member, or to a group of which the candidate is a member).

Audit waiver for local Council election groups and group members with the same official agent

This applies to declarations of disclosures for the 12-month disclosure period ending 30 June 2017.

The audit requirement is waived for a local Council election group and group members who have the same official agent as the group and whose disclosures are included in the group’s disclosure form where, during the period 1 July 2016 to 30 June 2017:

  • no more than $5,000 in electoral expenditure was incurred in the disclosure period; and
  • no more than $5,000 in political donations were received in the disclosure period; and

no reportable political donations were made in the disclosure period (except in the form of affiliation or membership fees to a party of which a group member is a member).

Local Government Elected Members, Candidates and Groups

This applies to declarations of disclosures for the 12-month disclosure period ending 30 June 2016 and prior (to 30 June 2013).

The audit requirement is waived for the following local government elected members, candidates and groups:

  • no more than $2,500 in electoral expenditure was incurred in the disclosure period, and
  • no more than $2,500 in political donations were received in the disclosure period, and
  • no reportable political donations were made in the disclosure period (except in the form of affiliation or membership fees to a party by which the elected member, candidate or group is endorsed, or to a group of which the candidate is a member).