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Political funding in Australia
Political funding in Australia deals with political donations, public funding and other forms of funding received by politician or political party in Australia to pay for an election campaign. Political parties in Australia are publicly funded, to reduce the influence of private money upon elections, and subsequently, the influence of private money upon the shaping of public policy. After each election, the Australian Electoral Commission distributes a set amount of money to each political party, per vote received. For example, after the 2013 election, political parties and candidates received $58.1 million in election funding. The Liberal Party received $23.9 million in public funds, as part of the Coalition total of $27.2 million, while the Labor Party received $20.8 million.
In Australia, the majority of private political donations come in the form of donations from corporations, which go towards the funding of the parties' election advertising campaigns. Donations and affiliation fees from trade unions also play a big role, and to a lesser extent donations from individuals. Donations occasionally take the form of non-cash donations, referred to as gifts-in-kind.
The Australian Electoral Commission (AEC) monitors donations to political parties, and publishes a yearly list of political donors. In practice, it is not difficult for donors to make undisclosed donations to political parties in Australia; for example, donors can sometimes hide their identities behind associated entities.
Between the years 1995–1998, corporations donated $29 million to Australian political parties. The largest corporate donor during this period was Westpac. By the year 2002–2003, the amount of corporate funding to Australian political parties had risen to $69.4 million. In 2004–2005, the Labor Party raised $64.8 million from both the corporate sector and public funding, while the Liberal Party raised over $66 million. Most of the large corporate donors conduct business in an area greatly affected by government policy, or are likely to benefit from government contracts.
In Australia, there is a growing trend for MPs to become directly involved in the corporate fundraising efforts of their parties. Ministers and staff are enlisted to engage with donors and business supporters, with the aim of raising funds for their political parties. It is known for business leaders to pay $1,400 to get near a federal minister.
When political parties lodge their return to the AEC, they are not required to identify the corporations which attended party fundraising events. This allows companies to deny they are political donors.
Corporations may contribute to political funding in a variety of ways. For example, they may pay a corporate fee to attend party conferences.
The UK's Michael Ashcroft become a significant figure in Australian politics, having been identified as the single largest individual donor to any Australian political party during the 2004–05 financial year. The Australian Electoral Commission reported in February 2006 that Ashcroft (who gave his address as "House of Lords, Westminster, London") had donated $1 million to the Liberal Party in September 2004, shortly before the 2004 federal election. It was, at the time, the biggest single private donation in Australian political history.
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Political funding in Australia
Political funding in Australia deals with political donations, public funding and other forms of funding received by politician or political party in Australia to pay for an election campaign. Political parties in Australia are publicly funded, to reduce the influence of private money upon elections, and subsequently, the influence of private money upon the shaping of public policy. After each election, the Australian Electoral Commission distributes a set amount of money to each political party, per vote received. For example, after the 2013 election, political parties and candidates received $58.1 million in election funding. The Liberal Party received $23.9 million in public funds, as part of the Coalition total of $27.2 million, while the Labor Party received $20.8 million.
In Australia, the majority of private political donations come in the form of donations from corporations, which go towards the funding of the parties' election advertising campaigns. Donations and affiliation fees from trade unions also play a big role, and to a lesser extent donations from individuals. Donations occasionally take the form of non-cash donations, referred to as gifts-in-kind.
The Australian Electoral Commission (AEC) monitors donations to political parties, and publishes a yearly list of political donors. In practice, it is not difficult for donors to make undisclosed donations to political parties in Australia; for example, donors can sometimes hide their identities behind associated entities.
Between the years 1995–1998, corporations donated $29 million to Australian political parties. The largest corporate donor during this period was Westpac. By the year 2002–2003, the amount of corporate funding to Australian political parties had risen to $69.4 million. In 2004–2005, the Labor Party raised $64.8 million from both the corporate sector and public funding, while the Liberal Party raised over $66 million. Most of the large corporate donors conduct business in an area greatly affected by government policy, or are likely to benefit from government contracts.
In Australia, there is a growing trend for MPs to become directly involved in the corporate fundraising efforts of their parties. Ministers and staff are enlisted to engage with donors and business supporters, with the aim of raising funds for their political parties. It is known for business leaders to pay $1,400 to get near a federal minister.
When political parties lodge their return to the AEC, they are not required to identify the corporations which attended party fundraising events. This allows companies to deny they are political donors.
Corporations may contribute to political funding in a variety of ways. For example, they may pay a corporate fee to attend party conferences.
The UK's Michael Ashcroft become a significant figure in Australian politics, having been identified as the single largest individual donor to any Australian political party during the 2004–05 financial year. The Australian Electoral Commission reported in February 2006 that Ashcroft (who gave his address as "House of Lords, Westminster, London") had donated $1 million to the Liberal Party in September 2004, shortly before the 2004 federal election. It was, at the time, the biggest single private donation in Australian political history.