Australian politics a billion-dollar business, say latest donation records


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Australian politics is now a billion-dollar business, the latest donation records reveal.


The major parties raked in more than $154 million in political donations, returns on investments and asset sales in 2017/18.


As well, their associated entities have lodged $926 million, according to Australian Electoral Commission figures released on Friday.


West Australian Greens convener Chilla Bulbeck was the largest individual political donor last year, gifting almost $600,000 to the minor party.


Scott Morrison and Hakeem Al-Araibi. 

The Liberal Party declared $62.8 million in receipts while Labor chalked up $60 million.


The Greens declared $12.9 million in receipts, ahead of the Nationals ($8.2 million).


The records, which were released on the same day the government gets the banking royal commission’s major report, revealed banks and financial institutions donated $733,555 to the federal Liberal Party and $703,086 to Labor’s national branch.


“They give money to both parties. It’s a free country,” Prime Minister Scott Morrison said when asked about the banks’ largesse on Friday.


Prime Minister Scott Morrison

ANZ donated $100,000 to both Labor and the Liberals, Westpac handed over $72,490 to the Liberals and $70,315 to Labor, while the Commonwealth Bank supplied $68,400 to the Liberals and $72,000 to Labor.


Macquarie Group gave $71,400 to the Liberal Party and $71,185 to Labor.


Federal political donations were predictably down in the wake of the 2016 general election, but the numbers offer insight into donations during a swag of by-elections.


“I see today that the CFMMEU gave Bill Shorten another million dollars. How long will Bill Shorten take the thug money from militant unions?” Mr Morrison said.


Records show the CFMMEU national office donated about $150,000 to the Tasmanian branch of the Labor Party in 2017/18.


Adani, Philip Morris donate


Controversial coal developer Adani gave a total of $50,000 to One Nation and the Liberal Party over the past year.


The Pauline Hanson’s One Nation disclosure, which came to a total of $1.7 million, described the $15,000 amount from Adani as “other receipt”.


The ACT Liberals also received three donations from Adani totalling $35,000.


Nationals and Liberal Democrats received a total of almost $100,000 from tobacco giant Phillip Morris.


Liberal Democrats received $40,000 and the Nationals got $56,500.


Other major parties have stopped accepting tobacco industry donations.



Article source: https://hollywoodlife.com/2018/12/20/beyonce-twins-sir-rumi-carter-india-pics-vacation-wedding/

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