Political donations: Labor outstrips Libs as biggest political donors revealed in AEC data

[Pelican Press 0]

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Political donations: Labor outstrips Libs as biggest political donors revealed in AEC data

Political parties and candidates received a share of hundreds of millions of dollars in political donations in the last financial year, new disclosures reveal.

The figures, released by the *********** Electoral Commission, show teal backer Robert Keldoulis and his investment firm Keldoulis Investments Pty Limited were among the biggest donors of 2023-24 — giving Climate 200 a combined $1.1 million of its total $5.99 million in 2023-24.

Visy chairman Anthony Pratt was also a prolific donor, handing Labor $1 million through Pratt Holdings Pty Ltd.

Clive Palmer, a notable presence on the last few annual returns, was absent on this year’s list after his political party was de-registered.

The two major parties, meanwhile, received a share of at least $130 million in donations.

The *********** Labor Party national branch recorded more than $15m in receipts and spent more than $16m, with an additional $1.214m in discretionary benefits. The party’s state and territory branches received a combined $52.5m in receipts.

The Liberal Party of Australia received just over $11m, spent just over $10m, and received $1.183m in discretionary benefits. The party’s state and territory branches received a combined $52.4 million.

Meanwhile, the Greens recorded $4.85m in receipts, plus an extra $4.24m to the states and territories; while the National Party received $2.48m and an extra $6 million to state branches.

The release of last year’s returns comes the day before Parliament resumes, for what could be the last sitting fortnight before the election, and as Labor tries again to pass sweeping electoral reforms that would crack down on donation limits.

More to come.

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