Opposition leader Bill Shorten in Kingscliff on Sunday, May 15, 2016.
Opposition leader Bill Shorten in Kingscliff on Sunday, May 15, 2016. Liana Turner

Labor vows to clean up Federal political donations

LABOR vowed yesterday to clean up Australia's political donation system after it was revealed about $8 million in company payments to major parties were going undeclared.

The Greens' Senator Lee Rhiannon said her research had found mining companies donated millions of dollars over the past five years and later received government subsidies.

"The current disclosure threshold ($13,200) allows many big donors and ... parties to avoid scrutiny," she said.

"In theory, a donor could donate nearly $1.9 million to a political party and its candidates, spreading the money evenly around without anyone having to declare anything."

Labor MP Brendan O'Connor said a Shorten government would also ban donation splitting and introduce new penalties for rule breakers.

The Greens say they will reveal all donations as they happen, rather than wait until the February 1 cut-off, and have called for a national corruption watchdog.


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