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.
Read more about this topic: Political Donations In Australia
Famous quotes containing the words corporate and/or political:
“If when a businessman speaks of minority employment, or air pollution, or poverty, he speaks in the language of a certified public accountant analyzing a corporate balance sheet, who is to know that he understands the human problems behind the statistical ones? If the businessman would stop talking like a computer printout or a page from the corporate annual report, other people would stop thinking he had a cash register for a heart. It is as simple as that—but that isn’t simple.”
—Louis B. Lundborg (1906–1981)
“My political enemies I can freely forgive; but as for who abused me when I was serving my country in the field, and those who attacked me for serving my country—Doctor, that is a different case.”
—Andrew Jackson (1767–1845)