Labor's election finance reforms have been deferred after an eleventh-hour breakdown in negotiations with the Coalition on the eve of the last day of the parliamentary year. Despite initial support in principle from the opposition, the Labor government now plans to pursue a deal with the crossbench, aiming to pass components of the reform, such as lowering the threshold for disclosing donations from $16,900 to $1,000, if an agreement cannot be reached.
The bill aims to cap election spending and donations, but the opposition has raised concerns, potentially delaying the implementation of these reforms until February
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