More than a third of the cash flowing to the Liberal and Labor parties is coming from shadowy entities that can hide the true source of the funds, according to a new analysis that shows the main parties collected $1.2 billion over the past two decades.
University of Melbourne professor Joo-Cheong Tham, a director of the CPI, said the figures highlighted the need for greater disclosure, including real-time reports of all donations so voters knew the sources of campaign finance before the election due by May. The chair of the CPI, former NSW Supreme Court judge Anthony Whealy, QC, said the large amounts of money paid to the parties by their associated entities were a cause for concern because of the inadequate disclosure rules.“The major parties rely on their associated entities and unions for the lion’s share of their fundraising, but information about the source of this money is hard to trace.
Labor also received $24.3 million from the Construction Forestry Maritime Mining and Energy Union in the ACT, which receives regular funding from the Tradies Club. In a sign of the campaign power of mining magnate Clive Palmer at the coming election, his United Australia Party and its predecessors gained $132.2 million, most of it from his companies Mineralogy and Queensland Nickel, which collapsed in 2016 amid a dispute over unpaid wages.
LyndaFrench19 The centre for Public Integrity is American and both ALP and LNP donate to it.
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