The Liberal National Party has "no intention" of returning more than $50,000 it received as a result of the fraudulent activities of its former MP Scott Driscoll.

Driscoll, who was elected state member for Redcliffe in the March 2012 LNP landslide, is on remand facing up to six years in jail after pleading guilty to a string of fraud charges related to his involvement with a retail lobby group before and after his election.

At a sentencing hearing for Driscoll at the District Court in Brisbane on Monday it emerged that during his election campaign in November 2011 he deposited a cheque from the Queensland Retail Traders and Shopkeepers Association into an account held by Norsefire, a company owned by Driscoll's wife, Emma.

The same day, the court heard, Driscoll transferred $60,000 from the Norsefire account into a personal account and immediately paid a total of $54,000 in "campaign contributions" to the LNP.