As the SMH reported this morning, the NSW government has announced plans for the nation’s most draconian campaign finance laws, including:
• Political donations from individuals, registered political parties and other entities will be capped at $5,000 to registered political parties or groups and $2,000 to candidates or elected members annually;
• A candidate’s campaign expenditure will be capped at $100,000 per electorate during a regulated period;
• Expenditure by political parties will be capped at $100,000 per electorate and this is in addition to candidate’s expenditure cap
• Third parties may not receive more than $2,000 from each donor in a financial year;
• Third parties may not spend more than $1.05 million in a regulated period or $20,000 per electorate
And indeed if you were running the nation’s most unpopular government six months before an election why wouldn’t you back a plan to limit how much money people can spend throwing you out? Continue reading “The corruption of campaign finance laws”