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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. Country 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. ....
Palmer used the 2019 federal election to scaremonger about climate policies that could potentially impact his mining interests. He spent $60 million on political advertising for the UAP, which failed to win a seat. Afterwards, he smirked that he had only ever been interested in securing the re-election of the Coalition government. It’s all legal under the current federal system of political patronage. Regardless of what the major parties say today, they have resisted changes to the Commonwealth Electoral Act 1918. Most recently, they voted against a proposal to adopt state laws banning donations from property developers, instead supporting a system whereby ....
Advertisement Federal political parties have received $1.1 billion from hidden donors in a trend towards greater secrecy over two decades, says a new report that warns of dangerous failures in the system meant to expose vested interests. A handful of dominant players have increased their sway over federal politics by making one-quarter of all donations over the period, led by mining magnate Clive Palmer as well as Liberal and union funds. Big time political party donor, Clive Palmer. Credit: In a damning assessment of the disclosure regime, the not-for-profit Centre for Public Integrity says voters are being denied crucial facts about who has paid for influence with about $3 billion in party income over two decades. ....
Last modified on Sun 31 Jan 2021 18.41 EST Australiaâs weak donation laws are allowing political parties to hide the origins of $1bn in income and giving mega-donors the ability to exert disproportionate influence over the system, new analysis suggests. The Australian Electoral Commission will on Monday release the latest tranche of donations data for the 2019-20 financial year, which will show the largesse shown to parties in the wake of the last federal election. Ahead of the dataâs release, the Centre for Public Integrity released an analysis estimating the volume of dark money â income with an unknown source â given to the parties in the past 20 years. ....
Australia's weak donation laws allowed $1bn in dark money to go to political parties over two decades msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.