54. Must reports from political parties and/or candidates include information on itemized spending?

Political Parties include itemised expenditure in their annual returns. Candidates are required to provide information on all campaign expenditure after every election..  

Section 309(2) and (3) Commonwealth Electoral Act, 1918 (Compilation 63). 

Australian Electoral Commission, 'Financial Disclosure Guide for Candidates and Senate Groups' 2019 Federal Election https://www.aec.gov.au/Parties_and_Representatives/financial_disclosure/guides/files/financial-disclosure-guide-for-candidates-and-senate-groups-2019-federal-election.pdf

Australian Electoral Commission, Financial Disclosure Guide for Political Parties, https://www.aec.gov.au/Parties_and_Representatives/financial_disclosure/guides/political-parties/files/political-parties-2018-19.pdf