DistantNews
Support us
๐Ÿ‡ฆ๐Ÿ‡บ Australia /Elections & Politics

One Nation asked to submit three years of missing financial statements

From ABC Australia · () English

Summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • One Nation Queensland Division Inc has pledged to submit three years of overdue financial statements to the Office of Fair Trading by August 18, 2026.
  • Failure to submit the audited accounts for the financial years 2023-2025 could lead to an investigation and potential cancellation of the division's incorporation.
  • The party has seen a surge in polls this year, but scrutiny is intensifying due to the delayed financial reporting.

One Nation Queensland Division Inc has committed to submitting three years of overdue financial statements to the Office of Fair Trading (OFT) by the August 18, 2026 deadline. This submission is crucial to avoid potential regulatory action, including an investigation and possible cancellation of the political party's incorporation.

The OFT had previously confirmed that the Queensland division had until mid-next month to file audited accounts for the financial years 2023, 2024, and 2025. A party spokesman stated that One Nation is complying with the OFT's requirements. However, the division had lodged its annual returns for these years, but they did not include the required audited financial statements.

Founded by Pauline Hanson in Queensland in 1997, One Nation has experienced a significant surge in opinion polls this year, positioning itself as a potential major force against established political parties. Despite this electoral momentum, the party faces increasing scrutiny, particularly concerning the delayed financial reporting of its Queensland division. Senator Hanson is listed as the president of this division, according to her register of interests.

If the division fails to provide the audited statements, the OFT has the authority to initiate an investigation. Negative findings could result in infringement notices, fines for committee members, or a show cause notice questioning why the association's incorporation should not be canceled. The party's spokesman did not provide reasons for the delay in filing the accounts on time.

One Nation is complying with the Office of Fair Trading's requirements, which have requested we lodge audited financial statements by 18 August 2026.

โ€” One Nation spokesmanThe party spokesman confirmed their intention to meet the OFT's deadline for submitting financial statements.
DistantNews Editorial

Originally published by ABC Australia. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.