Billionaires such as Clive Palmer and Mike Cannon-Brookes will have their influence on politics dramatically curtailed as Labor moves to remove big money donations in theThe Albanese government will shortly begin briefing MPs on its plans to limit the amount donated to parties and candidates, in a move that will prove controversial among Coalition, Greens and independent MPs. In its legislation, the government will also seek to limit the amount spent in each electorate.
Those sources, speaking anonymously because legislation has not yet been finalised, said the government had not landed on a precise figure for the cap but it is likely to be in the tens of thousands of dollars.Palmer gave to the United Australia Party and the $1.2 million Cannon-Brookes In a separate measure, Labor will also limit the amount of money permitted to be spent in each electorate, preventing the type of multimillion-dollarTo fund election spending on things like advertising and pamphlets, more taxpayer funding, tied to how many votes a party won, is expected to flow to party headquarters.
The government will also introduce measures to capture unions and other third-party campaigners in the cap, but it is not yet clear how the legislation would deal with party-affiliation fees paid by unions which are spent on administrative costs – such as holding conferences – and unrelated to elections.
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Source: FinancialReview - 🏆 2. / 90 Read more »