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:
“Its hard enough to adjust [to the lack of control] in the beginning, says a corporate vice president and single mother. But then you realize that everything keeps changing, so you never regain control. I was just learning to take care of the belly-button stump, when it fell off. I had just learned to make formula really efficiently, when Sarah stopped using it.”
—Anne C. Weisberg (20th century)
“A cult is a religion with no political power.”
—Tom Wolfe (b. 1931)