27. Are there provisions requiring donations to go through the banking system?

“(6) A political party must open a bank account within 90 days of its registration and provide the bank account details to the Registrar.
(7) A political party registered under this Act at the commencement of the Political Parties (Registration, Conduct, Funding and Disclosures) (Amendment) Act 2021, must, within 60 days of the commencement, open a bank account and provide the bank account details to the Registrar.
(8) If a political party registered under this Act at the commencement of the Political Parties (Registration, Conduct, Funding and Disclosures) (Amendment) Act 2021 has a bank account, the political party is not required to open a new bank account but must, within 60 days of the commencement, provide the bank account details to the Registrar.
(9) If there is a change in the bank account details, the political party must notify the Registrar of the change as soon as practicable.

Political Parties (Registration, Conduct, Funding and Disclosures) (Amendment) Act 2021.

The law does not expressly require donations to go through the banking system, however, amendments made in 2021 now require every registered political party to open and retain bank accounts, and provide details of the same to the oversight body.