Explanatory Memorandum
(Circulated by authority of the Minister for Administrative Services, Senator the Honourable Nick Bolkus)FINANCIAL IMPACT STATEMENT
The Bill is expected to have no significant impact on Commonwealth expenditure or revenue, in so far as it relates to the bans on broadcasting political or government advertising or carriage of that material on multipoint distribution station licences under the Radiocommunications Act 1983.
It is estimated that the conduct of spot audits by the Australian Electoral Commission will lead to an increase in salary and administrative costs of around $200 000 per annum in a non-election year, and around $300 000 per annum in an election year. It is estimated that the increase in the rate of Senate election funding will lead to increased costs of $4.2 million in an election year.