Hi Ashtyn, thanks for your question.
Section 44 of the Constitution states that you may not be a member of parliament if you are found guilty of a serious crime, bankrupt, or in a job where you already receive money from the Parliament. You also have to be a citizen of Australia, and not of any other country.
If you want to be a candidate at an election, you would also need to register with the Australian Electoral Commission. They have further rules for candidates, such as a minimum age of 18, an Australian citizenship. For a full list of requirements for candidates you might like to read the Electoral Commission’s list of qualifications for candidates. If you wanted to run as a candidate for a new political party, you would also need to follow the rules outlined in the Party Registration Guide.