The Albanese government’s planned changes to rules governing political donations are long-overdue reforms that should introduce more transparency into the murky world of political access and influence.
A cap is expected to be imposed on donations and an individual, company or third-party group who can currently contribute unlimited funds to a campaign will be banned from giving huge sums to parties. The, but it is likely to be in the tens of thousands of dollars. A limit will also be imposed on the amount of money to be spent in each electorate.
Political donations by the mega-rich are twin-edged blessings that can make or break. Last election, Clive Palmer’s mining company, Mineralogy, tipped $7.1 million to the United Australia Party that he founded for a return of one Senate seat, but the $117 million he reportedly poured into the 2019 election is generally regarded as ruining Bill Shorten’s Labor campaign. Meanwhile, the $1.
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