ALP denies reforms rushed into parliament are designed to target Simon Holmes à Court and Clive Palmer
Australia’s two major political parties will more than double their public funding at the 2028 federal election to reap a combined $140m under the government’s proposed changes to electoral laws, according to the organisation which funded successful teal independent candidates at the 2022 election.
As a result of the percentage of the vote they secured at the 2022 election, the two parties received a combined total of $57.4m in public funding. Electoral law provides that candidates receive a taxpayer-funded per-dollar amount for every legal first-preference vote they attract, beyond a minimum threshold of 4% of formal votes cast.
Currently, the rate sits at $3.35 per eligible vote. Under the government’s proposed changes, the rate would rise to $5. On top of that, registered parties would receive another $30,000 per MP and $15,000 per senator in “administrative” funding.
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