but has warned the rules must not be skewed to enable Labor to use union money to gain an unfair advantage.
As well as aiming to introduce more transparency into political donations, the government wants to stop the likes of billionaire Clive Palmer spending hundreds of millions of dollars trying to shape election outcomes. Visy boss Anthony Pratt gave Labor $1.5 million and $1.7 million to the Liberal Party and the Nationals.
The Liberals say they will be wary of any proposal which enables Labor to receive unlimited money from unions while other donations are capped, a position the party first made clear to the parliamentary committee which examined campaign finance reforms after the last election.“The Liberal Party strongly believes that any changes must ensure that there is a level playing field for political participants,” it said in its submission.