Responding to the latest political funding scandal that links a major donor to the Coalition and Labor with international bribery allegations, Greens democracy spokesperson Senator Lee Rhiannon called for real donations reforms to be in place before the next election, including caps on donations from domestic sources.
Billionaire Chau Chak Wing, a generous donor to the Liberal and Labor parties, has been alleged to be an unindicted co-conspirator in an FBI bribery case.
“Chau Chak Wing would still be allowed to make unlimited donations to political parties under the Turnbull government’s so-called electoral funding reforms because he is an Australian citizen,” said Senator Rhiannon.
“This case highlights the need for not only banning foreign donations, but placing caps on domestic donations.
“Elections should be a contest of ideas, not bank transfers.
“In June 2017 the Senate passed a Greens motion calling for caps on domestic donations and election expenditure.
“If the government is serious about cleaning up politics, they would heed this call and withdraw the Electoral Legislation Amendment (Electoral Funding and Disclosure Reform) Bill and replace it with a Bill that both bans foreign donations and places strict caps on all domestic donations.
“Further reforms should include caps on election expenditure, lowering the disclosure threshold to $1000 and publishing donations in close to real time,” said Senator Rhiannon.