Thanks to changes to the laws on political donations, it’s now possible for a corporation to donate up to $90,000 total to a political party anonymously. The federal Liberal party treasurer John Calvert-Jones has been spruiking this amongst potential donors with this letter:
JOHN CALVERT-JONES’ LETTER
AS HONORARY Federal Treasurer of the Liberal Party, may I remind you of the importance of supporting a strong government whose underpinnings keep our country on a firm footing, both domestically and internationally.
Never has our country experienced such financial good health and earned such deep respect from the international community.
As you make informed personal and corporate financial decisions in the coming weeks and months, several resources and an update on recent legislation might be useful.
Amendments to the Commonwealth Electoral Act 1918 allow as from December 8, 2005, the following increases:
1. From $1500 to more than $10,000 in the threshold for disclosure; 2. from $1000 to $10,000 in anonymous donations; and 3. from June 22, 2006, tax deductible donations increase to $1500.
Update: the article on political donations by Lee Rhiannon & Norman Thompson has now been published – it points to an interesting model adopted in Canada for limiting political donations.