Annual returns for independents and groups
An annual return is a summary of money received, spent, and owed by a political participant in a financial year. We use annual returns to check that independent candidates and members are complying with funding and disclosure laws. This includes disclosing relevant political donations.
Annual returns are related to the state campaign account you must keep for state election campaigns. More information about state campaign accounts.
Division 3C of Part 12 of the Electoral Act 2002 (external link) outlines the annual return requirements.
Do I need to submit a return?
You must submit an annual return if you received political donations equal or above the disclosure threshold from any single donor during the financial year.
If you have not received any donations equal or above the threshold in a financial year you should declare this in writing to disclosures@vec.vic.gov.au.
An annual return is required for the part of the financial year that you were an active political participant.
When are returns due?
20 October each year. If you don't need to submit a return you must let us know in writing by 20 October.
Submissions open 1 July each year.
How do I submit a return?
On VEC Disclosures. You need to set up an account before you can submit your return.
What information is required?
Relating to your state campaign accounts for the financial year (including GST):
- total income
- total disclosed political donations
- total undisclosed political donations (under the disclosure threshold)
- how many donors made these undisclosed political donations.
Do not include any donations received for Commonwealth electoral purposes when calculating your total amounts.
Explanation of requirements
Audit requirements
It is not mandatory for independent candidates, groups, or independent elected members to have their annual return audited.
If you do have your return audited we suggest it is done by an independent auditor. The auditor should include a statement confirming the return has been audited according to the Australian Accounting Standards as specified in section 334(1) of the Corporations Act 2001 (Cth).
The certificate should state the auditor:
a) was given full and free access at all reasonable times to all accounts, records, documents and papers relating directly or indirectly to any matter required to be specified in the statement; and
b) examined the material referred to in paragraph (a) for the purpose of giving the certificate; and
c) received all information and explanations that the auditor requested in respect of any matter required to be specified in the statement; and
d) has no reason to believe that any matter stated in the statement is not correct.
Can the public see my annual return?
Yes. We are required to publish an annual return summary on VEC Disclosures by 31 December each year.
We do not publish donor addresses as they are confidential.
What happens if I don't submit an annual return?
If you are required to submit a return and fail to do so you may be fined.
The fine is 200 penalty units.
Can I get help to complete my annual return?
Yes. Follow this checklist (Word).
If you have any questions email our disclosures@vec.vic.gov.au or call 131 832.