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Former federal Labor MP and senator Belinda Neal is turning her attentions to international human rights violators. “President Xi Jinping, don’t you know who I am?“.
Money for influence: the core transaction at the heart of Australian politics
Political parties need money. Donors need political favours. So they dance to the tune of millions of dollars.
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Money is the necessary (if not sufficient) ingredient of politics. As Clive Palmer has repeatedly demonstrated, throwing money at politics isn’t enough to get you elected, but without it, success is far more difficult.
In the 10 years to 2020, the federal Labor and Liberal parties earned $230 million and $222 million respectively from all sources of income. Much of that is public funding provided after each election, based on the number of votes the parties’ candidates received. Some of it is borrowings from banks. Some of it returns on investments or from the sale of assets.
Federal political parties received $50 million in unexplained cash last year in another sign of the trend towards secretive donations, says a new analysis that calls for tougher disclosure laws so voters can know the source of the funds.