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NEW NSW LAWS ON DISCLOSURE OF POLITICAL DONATIONS IN FORCE.

AsiaPulse News

| October 01, 2008 | COPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SYDNEY, Oct 1 Asia Pulse - New laws in the Australian state of New South Wales compelling developers to disclose political donations have come into force - seven months after Wollongong Council was sacked over the cash-for-developments scandal.

Under the new laws anyone lodging or making submission on a development proposal must disclose political donations of more than A$1,000 (US$789.3) made in the past two years.

Planning Minister Kristina Keneally said today the changes would improve accountability in the development approval process.

"The new laws will impose disclosure obligations on applicants, whether individuals or entities, with a financial interest in these proposals," she said in a statement.

"Under the new scheme, an applicant must also disclose donations of $1,000 or more made to or for the benefit of a political party, and elected member or group of candidates within two years before the application or submission ...

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