Corporate Political Donations
Between the years 1995-1998, corporations donated $29 million to Australian political parties. The largest corporate donor during this period was Westpac. By the year 2002-2003, the amount of corporate funding to Australian political parties had risen to $69.4 million. In 2004-2005, the Labor Party raised $64.8 million from both the corporate sector and public funding, while the Liberal Party raised over $66 million. Most of the large corporate donors conduct business in an area greatly affected by government policy, or are likely to benefit from government contracts.
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