If there are no transactions during an election period, an email is sent by EDS with a link to submit Nil Return. No further action is required.
Periodic returns are required for specific election periods. In the Disclosure Period section, select the reporting period or event name from the dropdown list. The return period commencement and conclusion dates will automatically be filled in.
The Return Summary section will show the total of all gifts and loans that you have already reported as received during the disclosure period. There are four additional fields to fill in:
- Total value of all gifts received during period: Enter the total value of all gifts (other than exempt gifts) received during this disclosure period, regardless of the gift threshold. This should include GST.
- Number of entities which made the gifts: Enter the total number of entities that made the gifts. Two or more gifts from the same person/organisation count as one.
- Total of all loans received for reporting period: Enter the total of all loans provided during this disclosure period. Loads from financial institutions are not reportable.
- Number of entities which made loans: Enter the number of entities that provided the loans. Two or more loans from the same person/organisation count as one.
When you have completed these fields, click ‘Submit’, or ‘Save Draft’ to return later.
Pro-tip: If you received a gift or loan above the threshold amount, you need to report it separately before finalising the periodic return.