Victoria Proposes Doubling Political Donations Cap to $10,000
Victoria's political donations cap to double to $10,000 under proposed changes
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The Victorian Labor government plans to double the political donations cap to $10,000 and increase public funding for political parties following a High Court ruling that invalidated previous laws. The proposal faces opposition from the Liberal Party and aims to ensure fairer electoral funding ahead of the upcoming state election.
- 01The proposed cap on political donations in Victoria will increase from approximately $4,970 to $10,000 per donor for each four-year term.
- 02Public funding for political parties will also rise, with proposals suggesting $300,000 for the first elected MP and $100,000 for the second.
- 03The High Court ruled that previous donation laws unfairly favored major parties, prompting these legislative changes.
- 04Labor seeks bipartisan support but is prepared to negotiate with crossbench members if the Liberal Party does not cooperate.
- 05The upcoming state election in November 2023 adds urgency to the passage of these new laws.
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The Victorian Labor government is proposing significant changes to political donation laws, aiming to double the cap on donations to $10,000 per donor for each four-year term. This move follows a High Court ruling that deemed previous campaign finance laws unconstitutional, particularly those that favored major parties like Labor, Liberal, and National. The government intends to increase public funding for political parties, suggesting $300,000 for the first MP elected and $100,000 for subsequent MPs. The Liberal Party has expressed strong opposition to these changes, with Shadow Attorney-General James Newbury criticizing the proposals as self-serving. Labor is seeking to pass the new laws with Liberal support but is also exploring options with crossbench members. The urgency of these changes is heightened by the upcoming state election in November 2023, as the government aims to ensure fairer electoral funding and prevent legal challenges from independents who previously contested the old rules. Negotiations are ongoing, with both sides aiming to finalize the proposals before the parliament reconvenes next week.
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The proposed changes aim to create a more equitable political funding system in Victoria, potentially altering how parties campaign and fund their operations.
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