Monday, 27 November 2006
My colleagues at Melbourne, Sally Young and Joo-Cheong Tham, have published a new study, Political Finance in Australia: A Skewed and secret system.
From the Executive Summary:
‘This audit directly addresses the controversial role money plays in Australian politics by asking the question: how democratic is the way political parties are funded in Australia?
It identifies two central problems with the funding of Australian political parties: a lack of transparency, with secrecy a hallmark of private funding, political spending and the use of parliamentary entitlements and government resources; and the political inequality that is maintained and perpetuated by Australian political finance. The distribution of private funds favours the Coalition and ALP and so do election funding, parliamentary entitlements and state resources like government advertising. This is especially the case when these parties hold government. The broader picture then is one of institutional rules designed to protect the joint interests of the major parties by arming them with far greater war chests than minor parties and new competitors. While electoral competition exists, it is largely confined to the major parties,with players outside this cartel disabled by financial disadvantages.
To address these problems and other deficiencies, 35 recommendations are made in four areas: private funding, public funding, government advertising and political expenditure.
Important stuff indeed, for anyone who is at all interested in our system of government here in Australia.
One Response to “Political Advertising and Political Finance in Australia: new study”
Leave a Reply
Do not post material that is defamatory or obscene, that infringes any third party's copyrights, trademarks or other proprietary rights, or that violates any other right of any other person.
We reserve the right to remove or edit any comment for any reason.
Note: Posting more than two links in a comment may cause it not to appear because it will be submitted for moderation. Also, links in comments will not be counted by Google, so spamming is pointless.
December 7th, 2009 at 3:28 pm
Hi,
Australia is heading for the next credit crisis in 2010 with $50 billion of commercial lending coming up for maturity. The European markets have $350 billion in commercial lending coming up for maturity and the US as another round of mortgage resets of over $225 billion this credit crisis is far from over. Check out http://www.jpminvestmentgroup.com.au for more information.
JPM Investment Group