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Yes. Paragraph 78(1)(aaa) of the Income Tax Assessment Act 1936 allows deductions for contributions to registered political parties within the meaning of the Commonwealth Electoral Act 1918 . We consider that the word 'contributions' includes membership subscriptions paid to registered political parties.

Deductibility of contributions is subject to the following provisos: i. contributions eligible for deduction are those made on or after 1 July 1991; ii. subsection 51(7A) limits the total amount deductible in any income year to $100; iii. a contribution has to be of the value of $2 or more - if a contribution is made by way of property other than money, the taxpayer making the contribution must have purchased the property within the 12 months before making the contribution; iv. a contribution can not be a testamentary contribution; and v. a contributor can not be a company.