Political donations in Australia 2012/13

The below list is from AEC data (via the ABC who saved me the time of compiling a table) of donations to political parties during the 2012/13 fincial year sorted by donor. The objective of this post is to illustrate the number of companies who are donating to both sides of political contests in support of my recent article in The Guardian.

Going no further than a page down the list of companies starting with A we see that A&K, AGL, Allianz, AMP, ANZ and Arrow Energy all gave money to both Labor and the Coalition but the list goes on and on.

By my quick count over a third (84 of the 235) of the donors who were not individuals gave to both Labor and the Coaltion.

Donor Recipient Amount ($AUD)
A&K (NT) Pty Ltd and Minegain Pty Ltd Country Liberals (Northern Territory) 10000
A&K (NT) Pty Ltd and Minegain Pty Ltd Australian Labor Party (Northern Territory) Branch 2000
AGL Energy Limited LIB-VIC 29220
AGL Energy Limited ALP-SA 16238
AHL Administration Pty Ltd Liberal Party of Australia, NSW Division 20000
AHL Administration Pty Ltd Liberal Party of Australia 5000
AIMS HOME LOANS PTY LTD Liberal Party of Australia (Victorian Division) 40000
ALH Group Pty Ltd LIB 21270
ALH Group Pty Ltd LIB VIC 4700
ALH Group Pty Ltd LIB TAS 4400
AMP Services Ltd LIB – Menzies Research Centre 22000
AMP Services Ltd ALP – Chifley Research Centre 20000
AMP Services Ltd ALP 8250
AMP Services Ltd LIB 6600
ANZ Banking Group Limited Australia Labor Party (ALP) 80000
ANZ Banking Group Limited Liberal Party of Australia (LIB) 80000
AUSTRALIA KINGOLD INVESTMENT DEVELOPMENT CO. PTY. LTD. Australian Labor Party (State of Queensland) 20000
AUSTRALIA KINGOLD INVESTMENT DEVELOPMENT CO. PTY. LTD. Australian Labor Party (N.S.W. Branch) 5000
AUSTRALIAN HOTELS & HOSPITALITY ASSOCIATION INC. Liberal Party of Australia (Victorian Division) 306250
AUSTRALIAN HOTELS & HOSPITALITY ASSOCIATION INC. Liberal Party of Australia 104000
AUSTRALIAN HOTELS & HOSPITALITY ASSOCIATION INC. Australian Labor Party (Victorian Branch) 22700
AUSTRALIAN HOTELS & HOSPITALITY ASSOCIATION INC. National Party of Australia – Victoria 7570
AUSTRALIAN HOTELS & HOSPITALITY ASSOCIATION INC. National Party of Australia 4500
Accomodation Association of Australia Liberal Party of Australia, NSW Division 25000
Accomodation Association of Australia Liberal Party of Australia – Tasmanian Division 1500
Accomodation Association of Australia Liberal National Party of Queensland 350
Advocacy Services Australia Limited Liberal Part NSW Division 10000
Advocacy Services Australia Limited Liberal Party VIC – Enterprise 500 Victoria 5272
Advocacy Services Australia Limited ALP – WA 4075
Advocacy Services Australia Limited Liberal Party SA – Norwood SEC 3500
Advocacy Services Australia Limited Liberal Party VIC Division – Flinders 3000
Advocacy Services Australia Limited Liberal Party NSW Division – Paterson 2300
Advocacy Services Australia Limited Liberal Party Tasmania 2000
Advocacy Services Australia Limited ALP VIC Branch 1150
Advocacy Services Australia Limited Liberal Party NSW Division – Lindsay 750
Advocacy Services Australia Limited Liberal Party VIC Division 750
Advocacy Services Australia Limited Liberal Party NSW Division – Warringah 490
Advocacy Services Australia Limited Liberal Party of NSW Division – Wentworth 328
Advocacy Services Australia Limited LIberal Party NSW Division – Cook 250
Advocacy Services Australia Limited National Party of Australia – NSW (NAT – NSW) 150
Advocacy Services Australia Limited Liberal Party NSW Division – Bradfield 95
Advocacy Services Australia Limited Liberal Party SA – Sturt FEC 70
Advocacy Services Australia Limited Liberal Party NSW Division – Cook 200 Club 60
Allens LIB-NSW 15000
Allianz Australia Ltd Liberal Party of Australia 29710
Allianz Australia Ltd Australian Labor Party (ALP) 20550
Allianz Australia Ltd Liberal Party of Australia (Victorian Division) 12425
Allianz Australia Ltd Liberal Party of Australia – Tasmanian Division 8800
Allianz Australia Ltd Liberal National Party of Queensland 8300
Allianz Australia Ltd National Party of Australia 6600
Allianz Australia Ltd Liberal Party (W.A. Division) Inc. 6500
Allianz Australia Ltd Australian Labor Party (Victorian Branch) 990
Arrow Energy Pty Ltd National Party of Australia 13200
Arrow Energy Pty Ltd Liberal National Party of Queensland 10700
Arrow Energy Pty Ltd Australian Labor Party (ALP) 9900
Australian Automobile Association Australian Labor Party (ALP) 14364
Australian Automobile Association Liberal Party of Australia 6900
Australian Automobile Association National Party of Australia 6000
Australian Automobile Association Liberal Party of Australia (Victorian Division) 4273
Australian Automobile Association Liberal Party of Australia, NSW Division 4000
Australian Fuel Distributors Pty Ltd Australian Labor Party (Northern Territory) Branch 75000
Australian Fuel Distributors Pty Ltd Country Liberals (Northern Territory) 50000
Australian Hotels Association (SA Branch) Australian Labor Party (SA Branch) ALP-SA 30620
Australian Hotels Association (SA Branch) Liberal Party of Australia (SA) LIB-SA 18240
Australian Hotels Association (SA Branch) Liberal Party of Australia (SA) LIB 4150
Australian Hotels Association (SA Branch) Liberal Party of Australia Hindmarsh FEC LIB 2600
Australian Hotels Association (SA Branch) Liberal Party of Australia 985
Australian Hotels Association (SA Branch) Liberal Party of Australia LIB-SA 95
Australian Hotels Association – Federal Office Australian Labor Party (Northern Territory) Branch 150000
Australian Hotels Association – Federal Office Country Liberals (Northern Territory) 150000
Australian Hotels Association – Federal Office Liberal Party of Australia, NSW Division 25000
Australian Hotels Association – Federal Office Liberal Party of Australia 9100
Australian Lottery Company Pty Ltd Country Liberals (Northern Territory) 17500
Australian Outback Travel Company Pty Ltd LIB-NSW 26200
Australian Outback Travel Company Pty Ltd LIB-VIC 9500
Australian Outback Travel Company Pty Ltd LIB 597
Australian Outback Travel Company Pty Ltd LIB-QLD 280
Australian Private Equity & Venture Capital Association Limited Australian Labor Party (ALP) 5933
Australian Private Equity & Venture Capital Association Limited Liberal Party of Australia (Victorian Division) 5000
Australian Private Equity & Venture Capital Association Limited Liberal Party of Australia 4000
Australian Private Equity & Venture Capital Association Limited Liberal Party of Australia – Tasmanian Division 3300
Australian Private Equity & Venture Capital Association Limited Liberal Party of Australia, NSW Division 95
BC Iron Limited Liberal Party (W.A. Division) Inc. 10500
BC Iron Limited National Party of Australia (WA) Inc 6545
BDH Nominees Pty Ltd Country Liberals (Northern Territory) 25000
BDH Nominees Pty Ltd Australian Labor Party (Northern Territory) Branch 12500
Balmoral Pastoral Pty Ltd Liberal Party of Australia 200000
Barton Deakin Pty Ltd Liberal Party of Australia – NSW 22960
Batrob Investments Pty Ltd CLP 15000
Beach Energy Limited Liberal Party of Australia (S.A. Division) 14300
Beach Energy Limited Liberal Party of Australia 5000
Beechwood Homes (NSW) Pty Ltd LIB-NSW – Ray King Fundraiser 19200
Belford Productions Pty Limited Liberal Party of Australia 2000
Bensons Property Group Pty Ltd Lib-Vic (Higgins 200 Club) 27500
Birchley Pty Ltd Liberal Party (W.A. Division) Inc. 25000
Bouddi Trust GRN-ACT 17000
Brookfield Australia Investments Group Australian Labor Party (ALP) 27000
Brookfield Australia Investments Group LIB-NSW 22000
Brookfield Australia Investments Group Liberal Party of Australia (Victorian Division) 12000
Brookfield Australia Investments Group Liberal National Party of Queensland 10600
Brookfield Australia Investments Group Liberal Party (W.A. Division) Inc. 10000
Brookfield Australia Investments Group Australian Labor Party (Western Australian Branch) 1100
CBD Energy Limited Liberal Party of Australia, NSW Division 20000
CEPU Electrical Division NSW Branch ALP-NSW 25000
CGA Mining Limited LIB-WA – Cottesloe Liberal Campaign 15000
CMAX Communications Pty Ltd Ian Macfarlane, Member for Groom/Liberal Party of Australia 8000
CMAX Communications Pty Ltd Mike Kelly, Member for Monaro/ALP 7817
CMAX Communications Pty Ltd Senator David Johnston, Liberal Party of Australia (WA Div) 7600
CMAX Communications Pty Ltd Joel Fitzgibbon, Member for Hunter/ALP 1000
CPA Australia Ltd Australian Labor Party 2500
CPA Australia Ltd Liberal Party of Aust Tasmanian Divisn 1650
CPA Australia Ltd Australian Labour Party 1500
CPA Australia Ltd Australian Labour Party NSW Branch 1000
CSG Limited Australian Labor Party (Northern Territory) Branch 20000
CSG Limited Country Liberals (Northern Territory) 20000
CSR Limited Liberal Party of Australia (Victorian Division) 5212
CSR Limited Australian Labor Party (Tasmanian Branch) 4500
CSR Limited Liberal Party of Australia – Tasmanian Division 4091
CSR Limited Liberal Party of Australia 2500
CSR Limited Australian Labor Party (Victorian Branch) 2273
CSR Limited National Party of Australia – Victoria 1364
CUB Pty Ltd Australian Labor Party (ALP) 16500
CUB Pty Ltd Liberal Party of Australia (LIB) 11000
CUB Pty Ltd National Party of Australia (NAT) 8800
CUB Pty Ltd Liberal Party of Australia (News South Wales Division) (LIB-NSW) 1000
Cabcharge Australia Ltd Liberal Party of Australia 100000
Cairns Professional Game Fishing Association AFLP. Aust Fishing & Lifestyle Party 25000
Caltex Australia Limited ALP 36287
Caltex Australia Limited LNP-QLD 16950
Caltex Australia Limited LIB-NSW 11470
Caltex Australia Limited NAT 10040
Caltex Australia Limited NAT-NSW 4600
Coleman Printing Group Country Liberals (Northern Territory) 12980
Commonwealth Bank of Australia Liberal National Party of Queensland 15650
Commonwealth Bank of Australia National Party of Australia 8800
Commonwealth Bank of Australia Australian Labor Party (ALP) 8250
Commonwealth Bank of Australia Liberal Party of Australia 595
Coogee Chemicals Pty Ltd Liberal Party (W.A. Division) Inc. 21000
Coogee Chemicals Pty Ltd Liberal Party of Australia 17500
Crown Group Holdings Pty Ltd ALP-FED 20000
Crown Group Holdings Pty Ltd Liberal Party of Australia 700
Crown Group Holdings Pty Ltd Liberal Party of Australia, NSW Division 380
Crown Limited Liberal Party (W.A. Division) Inc. 51750
Crown Limited Australian Labor Party (Western Australian Branch) 23100
Crown Limited Liberal Party of Australia 21948
Crown Limited Liberal Party of Australia (Victorian Division) 12730
Crown Limited Australian Labor Party (ALP) 11000
Crown Limited Australian Labor Party (Victorian Branch) 5550
Crown Limited Australian Labor Party (N.S.W. Branch) 3000
DJ Partners Pty Ltd LNP-QLD 15000
DPCA Country Liberals (Northern Territory) 15000
Darwin International Airport Hotel Pty Ltd Liberal Party of Australia 100000
Dear Sir Brendan Rice Liberal Party of Australia (Victorian Division) 15000
Decket Pty Ltd LIB 25000
Delmat Distributors pty ltd Australian Sex Party 15000
Deloitte Touche Tohmatsu Liberal Party of Australia 78056
Deloitte Touche Tohmatsu Australian Labor Party (ALP) 58808
Deloitte Touche Tohmatsu Liberal Party of Australia (Victorian Division) 13160
Deloitte Touche Tohmatsu Australian Labor Party (N.S.W. Branch) 11407
Deloitte Touche Tohmatsu National Party of Australia 9964
Deloitte Touche Tohmatsu National Party of Australia – N.S.W. 8000
Deloitte Touche Tohmatsu Australian Labor Party (Western Australian Branch) 1570
Deloitte Touche Tohmatsu Australian Labor Party (Victorian Branch) 1550
Deutsche Bank Liberal Party of Australia 11000
Deutsche Bank Liberal Party of Australia (Victorian Division) 7000
Deutsche Bank Australian Labor Party (Victorian Branch) 3200
Deutsche Bank Australian Labor Party (ALP) 2550
Directhaul Pty Ltd Australian Labor Party (Northern Territory) Branch 25000
Dominic Roche National Party of Australia 20000
Douglas Kefford Capital Pty Ltd National Party of Australia – Victoria 50000
Dr Robyn Apel LNP QLD 1000
Eastern Australia Agriculture Pty Limited Liberal Party of Australia, NSW Division 20000
Electrical Trades Union Australian Greens, Victorian Branch 50000
Electrical Trades Union Katter’s Australian Party 50000
Electrical Trades Union Australian Labor Party (Northern Territory) Branch 30000
Eli Lilly Australia Pty Ltd ALP 17650
Employers Mutual Limited Liberal Party of Australia / LIB-NSW 14100
Employers Mutual Limited Liberal Party of Australia / LIB 5000
Energy Australia Pty Ltd Liberal Party of Australia (VIC Division) 25000
Energy Australia Pty Ltd Australian Labor Party 22900
Energy Australia Pty Ltd Australian Labor Party (Vic Branch) 8755
Energy Australia Pty Ltd Australian Labor Party (SA Branch) 1100
Ernst & Young LIberal Party of Australia (WA) 43950
Estate Christine Fogg The Greens NSW 34369
Estate of Judith Catherine Iltis Australian Greens, Australian Capital Territory Branch (GRN-ACT) 18000
FJM Equities Pty Ltd Liberal Party (W.A. Division) Inc. 35000
FPC30 Ltd t/a FPC Green Energy LNP-QLD 15000
Fannie Bay Investments Pty Ltd Country Liberal Party (CLP-NT) 15000
Financial Planning Association of Australia Ltd Liberal Party (W.A. Division) Inc. 10000
Financial Planning Association of Australia Ltd Liberal Party of Australia, NSW Division 5500
Financial Services Council Limited North Sydney Forum – LIB-NSW 11000
Financial Services Council Limited Senator Mathias Corman Liberal Party Camp A/C – LIB-WA 10000
Financial Services Council Limited Robertson Labor Campaign – ALP-NSW 7500
Financial Services Council Limited ALP-FED 5000
Financial Services Council Limited Progressive Bus. Assoc. – ALP-FED 3850
Financial Services Council Limited ALP NSW McMahon FEC – ALP-NSW 3600
Financial Services Council Limited ALP National Secretariat – ALP-FED 2200
Financial Services Council Limited Lindsay FEC – ALP-NSW 1700
Financial Services Council Limited Liberal Party of Australia (TAS) – LIB-TAS 1650
Financial Services Council Limited Casey federal Electorate – LIB-VIC 950
Finbar Group Limited Liberal Party of Australia (WA Div) Inc – LIB-WA 21000
First Exar Pty Ltd Liberal Party of Australia 25000
Furama Pty Ltd ATF Pearson Street Unit Trust Liberal Party of Australia (W.A. Division) 150000
GRA Everingham Pty Ltd Liberal Party of Aus-WA – LIB-WA 14000
GRA Everingham Pty Ltd Liberal Party of Aus – LIB-WA 13400
GRA Everingham Pty Ltd The National Party – NAT-WA 8280
GRA Everingham Pty Ltd Australian Labor Party – ALP-ACT 3300
GRA Everingham Pty Ltd Australian Labor Party – ALP-WA 3260
GRA Everingham Pty Ltd Liberal Party of Aus-SA – LIB-SA 500
GROCON PTY LTD Liberal National Party of Queensland 11600
GROCON PTY LTD Australian Labor Party (Victorian Branch) 9250
GROCON PTY LTD Liberal Party of Australia (Victorian Division) 7000
Gainsdale Pty Ltd Australian Stable Population Party 95920
Gazcorp Pty Limited Liberal Party of Australia, NSW Division 14500
Genworth Financial Mortgage Insurance Pty Limited ALP-FED 65738
Genworth Financial Mortgage Insurance Pty Limited LIB-VIC (Enterprise 500) 25000
Genworth Financial Mortgage Insurance Pty Limited LIB-NSW 19293
George and Maren Lee Rise Up Australia Party 14000
Gimbells Investments Pty Ltd Country Liberals (Northern Territory) 16499
Golden Mile Developments NT Pty Ltd Australian Labor Party (Northern Territory) Branch 12940
Goldtime Holdings Pty Ltd National Party of Australia (WA) Inc 30000
Government Relations Australia Advisory Pty Ltd Liberal Party of Australia – SA – LIB-SA 6906
Government Relations Australia Advisory Pty Ltd Liberal Party of Australia – VIC – LIB-VIC 4595
Government Relations Australia Advisory Pty Ltd Australian Labor Party – SA – ALP-SA 3425
Government Relations Australia Advisory Pty Ltd Australian Labor Party – ALP 2460
Government Relations Australia Advisory Pty Ltd Liberal National Party of Queensland – LNP-QLD 1900
Government Relations Australia Advisory Pty Ltd Australian Labor Party – VIC – ALP-VIC 1550
Government Relations Australia Advisory Pty Ltd Liberal Party of Australia – LIB 500
Government Relations Australia Advisory Pty Ltd National Party of Australia – VIC – NAT-VIC 220
Greentree Farming Liberal Party of Australia, NSW Division 20000
Groundworks Australia Pty Ltd ATF Groundworks Unit Trust LNP-QLD – Oxley FDC (federal fundraising) 2000
Groundworks Australia Pty Ltd ATF Groundworks Unit Trust LNP-QLD – Ryan FDC (federal fundraising) 1000
Group Administration Australia Pty Ltd Liberal Party of Australia (Victorian Division) 50000
Halikos Pty Ltd CLP-NT 100000
Halikos Pty Ltd ALP-NT 90000
Hancock Coal Pty Ltd Australian Labor Party (ALP) 55000
Hancock Coal Pty Ltd National Party of Australia 44880
Hancock Prospecting Pty Ltd National Party of Australia 55000
Hancock Prospecting Pty Ltd Liberal National Party of Queensland 8250
Hanssen Pty Ltd Liberal Party (W.A. Division) Inc. 25000
Health Insurance Restricted Membership Association of Australia LIB-VIC Liberal Party of Australia (Victorian Division) 15330
Health Insurance Restricted Membership Association of Australia LIB-VIC Higgins Federal Electorate Conference 5000
Health Insurance Restricted Membership Association of Australia ALP-VIC Progressive Business 2640
Health Insurance Restricted Membership Association of Australia ALP National Secretariat 1545
Health Insurance Restricted Membership Association of Australia LIB-VIC Higgins 200 Club 1300
Health Insurance Restricted Membership Association of Australia LIB-QLD Dickson Account 1000
Health Insurance Restricted Membership Association of Australia LIB-VIC Kooyong Federal Electorate Conference 300
Health Insurance Restricted Membership Association of Australia LIB-VIC Monash Club 110
Healthscope Ltd Liberal Party of Australia (Victorian Division) 17200
Healthscope Ltd Liberal National Party of Queensland 12550
Healthscope Ltd Liberal Party of Australia – Tasmanian Division 8800
Healthscope Ltd Liberal Party of Australia 4000
Herbert Smith Freehills Liberal Party (W.A. Division) Inc. 26598
Herbert Smith Freehills Liberal Party of Australia 12750
Holding Redlich ALP – National Secretariat Business Forum 22000
Holding Redlich ALP-VIC 8400
Holding Redlich ALP-NSW 7293
Holding Redlich ALP-QLD 1817
Huang Changran ALP NSW 150000
IM Group Ltd Liberal Party of Australia 80000
Inghams Enterprises Pty Limited Australian Labor Party (ALP) 250000
Inghams Enterprises Pty Limited Liberal Party of Australia 250000
Insurance Australia Group Limited Australian Labor Party (ALP) – ALP 25250
Insurance Australia Group Limited Liberal Party of Australia (Victorian Division) – LIB-VIC 14640
Insurance Australia Group Limited Australian Labor Party (Victorian Branch) – ALP-VIC 13750
Insurance Australia Group Limited Liberal Party of Australia – LIB 12755
Insurance Australia Group Limited Liberal Party of Australia – Tasmania Division – LIB-TAS 7300
Insurance Australia Group Limited National Party of Australia – NAT 3760
Insurance Australia Group Limited National Party of Australia – Victoria – NAT-VIC 220
Insurance Council of Australia ALP – Business Forum ALP Federal 25000
Insurance Council of Australia LIB-WA – WA Conference 11000
Insurance Council of Australia LNP-QLD – Planning Forum, QLD 10000
Insurance Council of Australia NAT – Federal National Forum 10000
Insurance Council of Australia LIB-WA – Dinner 2013 5000
Insurance Council of Australia LNP-QLD – Federal Budget reply 5000
Insurance Council of Australia LIB-VIC – Boardroom Policy Forum 4091
Insurance Council of Australia LNP-QLD – LNP Ryan Fund 3000
Insurance Council of Australia LIB-VIC – Evening brief – Hockey 2273
Insurance Council of Australia LIB-VIC – Annual Dinner 2012 2000
Insurance Council of Australia LNP-QLD – Prentice 2000
Insurance Council of Australia LIB-VIC – Boardroom Dinner Hockey 1818
Insurance Council of Australia LIB-WA – Dinner Cormann 1500
Insurance Council of Australia ALP – Boardroom Dinner Bill Shorten 1364
Insurance Council of Australia LIB-VIC – Boardroom Dinner Robb 1364
Insurance Council of Australia LIB-VIC – Enterprise 500 Vic 1364
Insurance Council of Australia NAT – National Budget 1200
Insurance Council of Australia ALP-NSW – Shadow Ministry Lunch 30 Nov 2012 (Fed campaign) 909
Insurance Council of Australia NAT-NSW – Boardroom Lunch (Fed Campaign) 909
Insurance Council of Australia LIB-VIC – Raffle Tickets 728
Insurance Council of Australia LNP-QLD – Function attendance 182
Insurance Council of Australia LNP-QLD – QLD State Budget lunch 182
Insurance Council of Australia LIB-WA – Economic Forum 75
J Hutchinson Pty Ltd Liberal National Party of Queensland 22500
J Hutchinson Pty Ltd Australian Labor Party (State of Queensland) 3300
J.J. Richards & Sons Pty Ltd Liberal Party of Australia 206750
J.J. Richards & Sons Pty Ltd LNP – FDC 33000
J.J. Richards & Sons Pty Ltd LNP Bowman FDC 5800
J.J. Richards & Sons Pty Ltd LNP Wide Bay FDC 2000
J.J. Richards & Sons Pty Ltd LNP Fairfax DC 1000
Jape Kong Su Nominees Country Liberals (Northern Territory) 30000
Jape Kong Su Nominees Australian Labor Party (Northern Territory) Branch 25000
Jefferson Investments Pty Limited Australian Labor Party (ALP) 91000
Jefferson Investments Pty Limited Liberal Party of Australia 86250
Jefferson Investments Pty Limited Liberal Party (W.A. Division) Inc. 17800
Jefferson Investments Pty Limited Liberal Party of Australia (S.A. Division) 2500
Jefferson Investments Pty Limited Liberal Party of Australia – Tasmanian Division 2200
Jeld-Wen Australia P/L Liberal National Party of Queensland 100000
Jon Fogarty Liberal Party (W.A. Division) Inc. 30100
Joondanna Investments Pty Ltd Country Liberals (Northern Territory) 31300
KPMG Australia Liberal Party of Australia 55000
KPMG Australia Australian Labor Party (ALP) 37540
KPMG Australia Liberal Party of Australia, NSW Division 12460
Kalidonis Pty Ltd Australian Labor Party (Northern Territory) Branch 24000
Karara Mining Ltd ALP-VIC 20000
Karara Mining Ltd Liberal Party (W.A. Division) Inc. 2200
Karara Mining Ltd National Party of Australia (WA) Inc 2000
Lance Chapman Australian Greens, Australian Capital Territory Branch 14250
Leighton Holdings Australian Labor Party (ALP) 7872
Leighton Holdings Liberal Party of Australia 2450
Leighton Holdings Liberal Party of Australia – Tasmanian Division 2200
Leighton Holdings National Party of Australia 909
Lion Pty Ltd Liberal Party of Australia 59320
Lion Pty Ltd National Party of Australia 35317
Lion Pty Ltd Australian Labor Party (ALP) 6570
Liveris Holdings Pty Ltd Country Liberals (Northern Territory) 13000
Luo Chuangxiong ALP NSW 150000
MSD Australian Labor Party (ALP) 27500
MSD Liberal Party of Australia, NSW Division 15175
MSD Liberal Party of Australia (Victorian Division) 8000
MSD Liberal National Party of Queensland 3000
MSD Australian Labor Party (State of Queensland) 2700
MSD Liberal Party of Australia 1500
Macquarie Group Limited Australian Labor Party (ALP) 88983
Macquarie Group Limited Liberal Party of Australia 87330
Macquarie Group Limited Liberal Party (W.A. Division) Inc. 35000
Macquarie Group Limited Liberal Party of Australia (Victorian Division) 20700
Macquarie Group Limited Liberal Party of Australia, NSW Division 20095
Macquarie Group Limited Liberal National Party of Queensland 18400
Macquarie Group Limited Australian Labor Party (Victorian Branch) 18150
Macquarie Group Limited National Party of Australia 16500
Macquarie Group Limited Australian Labor Party (N.S.W. Branch) 14700
Macquarie Group Limited Australian Labor Party (South Australian Branch) 9080
Macquarie Group Limited Liberal Party of Australia – Tasmanian Division 4950
Macquarie Group Limited Liberal Party of Australia (S.A. Division) 1100
Macquarie Group Limited Liberal Party of Australia – ACT Division 275
Macquarie Telecom Pty Ltd Australian Labor Party (ALP) 126633
Manildra Group NAT 143096
Manildra Group LIB 60000
Manildra Group ALP 57475
Maurice Blackburn Australian Labor Party (ALP) 60780
Mayfair College Pty Ltd LNP QLD 16500
Medical Technology Association of Australia Ltd Australian Labor Party (ALP) 29000
Medical Technology Association of Australia Ltd Liberal Party of Australia – Tasmanian Division 8800
Medical Technology Association of Australia Ltd Liberal Party of Australia 2095
Medicines Australia Ltd ALP National Secretariat – ALP 33716
Medicines Australia Ltd Liberal Party of Australia, NSW Division – LIB-NSW 27380
Medicines Australia Ltd The Nationals Federal Secretariat – NAT 13640
Medicines Australia Ltd Sheraton on the Park – Plibersek function – ALP 2167
Medicines Australia Ltd Sheraton on the Park – Bradbury function – ALP 1673
Medicines Australia Ltd Doltone House – Combet lunch – ALP 1416
Medtronic Australasia Pty Ltd LIB-TAS 8800
Medtronic Australasia Pty Ltd LIB-NSW 8500
Medtronic Australasia Pty Ltd LIB-QLD 3500
Medtronic Australasia Pty Ltd LIB-VIC 80
Meriton Property Services Australian Labor Party (State of Queensland) 40000
Minara Resources Pty Ltd Liberal Party (W.A. Division) Inc. 105000
Mineral Resources Liberal Party (W.A. Division) Inc. 50000
Mineral Resources Australian Labor Party (Western Australian Branch) 15000
Morandini Investments P/Ltd Australian Labor Party (Northern Territory Branch) 20000
Morandini Investments P/Ltd Country Liberals (Northern Territory) 20000
Mowburn Nominees Liberal National Party of Queensland 50000
Mowburn Nominees National Party of Australia 50000
Mr Alfred Moufarrige Liberal Party of Australia, NSW Division 15700
Mr Alfred Moufarrige Liberal Party of Australia 5000
Mr Alfred Moufarrige Liberal Party of Australia – Tasmanian Division 3300
Mr Clive Frederick Palmer Liberal National Party of Queensland / LNP-QLD 43300
Mr Clive Frederick Palmer Liberal Party (W.A. Division) Inc. / LIB-WA 5000
Mr Darryl Moore Liberal Party (W.A. Division) Inc. 50000
Mr David Shoebridge GRN-NSW 17968
Mr Doug Dickinson LIB-TAS 20000
Mr Duncan Andrews Liberal Party of Australia 25000
Mr Gregory Austin ALP-TAS 12500
Mr Gregory Austin Australian Labor Party (Tasmanian Branch) 12500
Mr Harold Mitchell Australian Labor Party (Victorian Branch) 15000
Mr Hugh Maclachlan Liberal Party of Australia 30000
Mr Hugh Maclachlan Liberal Party of Australia (S.A. Division) 14170
Mr Ian Wall Liberal Party of Australia (S.A. Division) 64065
Mr Ian Wall Liberal Party of Australia 55000
Mr JOHN CHARDON Liberal National Party of Queensland 19500
Mr John Grant LIB-FED 20000
Mr John Grant LIB-NSW 5000
Mr John Halikos CLP-NT 50000
Mr John Kaye GRN-NSW 20062
Mr John Uhrig LIB-SA – Andrew Southcott 5000
Mr John Uhrig LIB-SA – Christopher Pyne 5000
Mr John Uhrig LIB-SA – Matthew Williams 5000
Mr Leigh Clifford Liberal Party of Australia 15000
Mr Mark Gareth Creasy Liberal Party (W.A. Division) Inc. 34500
Mr Mark Gareth Creasy Australian Christians 9000
Mr Mark Gareth Creasy Australian Labor Party (ALP) 5000
Mr Mark Gareth Creasy National Party of Australia 3000
Mr Michael J Crouch Liberal Party of Australia 105000
Mr Michael J Crouch Liberal Party of Australia, NSW Division 23500
Mr Michael J Crouch Liberal Party of Australia (Victorian Division) 1500
Mr Michael J Crouch Liberal Party of Australia – Tasmanian Division 1100
Mr Norman Pater The Greens (WA) Inc 100000
Mr Paul Alafaci LNP-QLD 18000
Mr Paul Dainty Liberal Party of Australia 20000
Mr Paul Darrouzet LNP – FDC Dickson 5500
Mr Paul Darrouzet LNP – LNP Brisbane FDC 00260 5000
Mr Paul Darrouzet LNP – LNP Moreton FDC 2500
Mr Paul Darrouzet LNP – Team Quirk LNP 2000
Mr Paul Darrouzet LNP – Brisbane FDC 1000
Mr Paul Espie Liberal Party of Australia 105685
Mr Paul Espie Liberal Party of Australia, NSW Division 5750
Mr Paul Espie Liberal Party of Australia (S.A. Division) 2200
Mr Paul Franco Liberal National Party LNP-QLD (The Platinum Circle) 500
Mr Paul Ramsay Liberal Party of Australia 30550
Mr Paul Ramsay National Party of Australia 10000
Mr Paul Ramsay Liberal Party of Australia, NSW Division 2000
Mr Peter Edwards Australian Labor Party (Victorian Branch) 50000
Mr Peter Mason Liberal Party of Australia 17200
Mr Peter Mason Australian Labor Party (ALP) 1500
Mr Richard Cavill Liberal Party of Australia 25000
Mr Richard Penn Liberal Party of Australia 15000
Mr Richard Penn Liberal Party of Australia, NSW Division 750
Mr Robert G Gerard AO Sturt FEC – LIB-SA 10000
Mr Robert G Gerard AO Eden-Monaro FEC – LIB-NSW 5000
Mr Robert G Gerard AO Liberal Party of Australia – LIB 5000
Mr Robert G Gerard AO S Marshall – LIB-SA 500
Mr Robert de Roos Australian Labor Party (State of Queensland) 1500
Mr Scott Steven Liberal Party of Australia, NSW Division 1650
Mr Stuart Smith CEC 73000
Mr Vythlingam Tharmalingam LIB-VIC 13765
Mr Warren Malcolm The Secular Party of Australia 12500
Mr William Chiu ALP – NSW 50000
Mr and Mrs Raphael and Fiona Geminder Lib 20000
Mr and Ms Jeffrey and Janice Hardwick Country Liberals (Northern Territory) 20403
Mrs Eva Curran Liberal Party of Australia 21390
Mrs Eva Curran Liberal Party of Australia, NSW Division 5250
Mrs Heather Penn Liberal Party of Australia 15000
Mrs Heather Penn Liberal Party of Australia, NSW Division 750
Mrs Lynette Truss Liberal National Party of Queensland 1454
Mrs Pamela Wall Liberal Party of Australia (S.A. Division) 64065
Mrs Pamela Wall Liberal Party of Australia 55000
Mrs Roslyn Packer Liberal Party of Australia 580000
Mrs Roslyn Packer Liberal Party of Australia, NSW Division 400
Ms Anne Law ONA 14000
Ms Cate Faehrmann The Greens NSW 34654
Ms Jacintha Brown Rise Up Australia Party 50100
Ms Ruth Greble The Greens (WA) Inc 32650
Ms Ruth Greble Australian Greens 250
Ms Su Mon Wong LNP-QLD Brisbane FDC 1000
Mulloway Pty Ltd Liberal Party (W.A. Division) Inc. 75000
NATIONAL ROADS & MOTORISTS’ ASSOCIATION LIMITED Australian Labor Party (ALP) 20000
NATIONAL ROADS & MOTORISTS’ ASSOCIATION LIMITED National Party of Australia 11000
NATIONAL ROADS & MOTORISTS’ ASSOCIATION LIMITED Liberal Party of Australia 6600
NATIONAL ROADS & MOTORISTS’ ASSOCIATION LIMITED Australian Labor Party (N.S.W. Branch) 6400
NATIONAL ROADS & MOTORISTS’ ASSOCIATION LIMITED Liberal Party of Australia, NSW Division 5240
NEC IT Services Australia Pty Ltd Australian Labor Party (Northern Territory) Branch 30000
NSW Amateur Pistol Association Inc. Shooters and Fishers Party 40000
NT House Pty Ltd LIB-WA 100000
NT House Pty Ltd National Party of Australia 15000
National Australia Bank Limited Liberal Party of Australia 110000
National Australia Bank Limited Australian Labor Party (ALP) 56850
National Australia Bank Limited Liberal Party of Australia (Victorian Division) 16610
National Australia Bank Limited Liberal Party (W.A. Division) Inc 13300
New South Wales Minerals Council Ltd Liberal Party of Australia, NSW Division 41000
New South Wales Minerals Council Ltd Australian Labor Party (N.S.W. Branch) 14000
New South Wales Minerals Council Ltd Liberal National Party of Queensland 10000
New South Wales Minerals Council Ltd National Party of Australia – N.S.W. 3000
North West Constructions Pty Ltd Australian Labor Party (Northern Territory) Branch 24000
North West Constructions Pty Ltd Country Liberals (Northern Territory) 20000
Northern Star Resources Ltd Liberal Party (W.A. Division) Inc. 30000
Northern Star Resources Ltd National Party of Australia (WA) Inc 10000
Northpoint Pty Ltd Australian Labor Party (Northern Territory) Branch 12500
Northpoint Pty Ltd Country Liberals (Northern Territory) 12500
Northrock Pty Ltd Liberal Party (W.A. Division) Inc. 20000
Norwent 2 Pty Ltd Liberal Party of Australia, NSW Division 50000
Novartis Pharmaceuticals Australia Pty Limited ALP 36000
Novartis Pharmaceuticals Australia Pty Limited LIB 27500
Novartis Pharmaceuticals Australia Pty Limited LIB-NSW 12990
Novartis Pharmaceuticals Australia Pty Limited LNP-Qld 3000
Novartis Pharmaceuticals Australia Pty Limited ALP-QLD 2400
Novotel Sydney Olympic Park Liberal Party of Australia, NSW Division 27000
OGNIS Pty Ltd NSW Nationals – NAT-NSW 50000
Origin Energy LIB-FED 36785
Origin Energy LIB-SA 7200
Origin Energy ALP-QLD 6500
Origin Energy LIB-VIC 5740
Origin Energy LNP-QLD 5080
Origin Energy ALP-FED 3500
Origin Energy ALP-SA 2750
Origin Energy NAT-FED 500
PANORAMIC RESOURCES LIMITED Liberal Party of Australia 1601
PERRON GROUP TRUST Liberal Party (W.A. Division) Inc. 39000
PERRON GROUP TRUST Liberal Party of Australia 30000
Pacific Equity Partners Pty Limited ALP-FED 27500
Parsons Brinckerhoff Australia Pty Ltd Liberal Party of Australia, NSW Division 15000
Parsons Brinckerhoff Australia Pty Ltd Liberal Party of Australia 1500
Parsons Brinckerhoff Australia Pty Ltd Liberal Party of Australia (S.A. Division) 50
Pascalis Peter Zaparas Australian Labor Party (Victorian Branch) 25000
Paspaley Pearling Company Australian Labor Party (Northern Territory) Branch 25000
Paspaley Pearling Company Country Liberals (Northern Territory) 25000
Patersons Securities Limited Liberal Party (W.A. Division) Inc. 27750
Patersons Securities Limited Liberal Party of Australia – ACT Division 750
Personnel Contracting Pty Ltd Australian Christians – ACH 60000
Perth Airport Pty Ltd Liberal Party (W.A. Division) Inc. 26215
Perth Airport Pty Ltd Australian Labor Party (Western Australian Branch) 10100
Perth Airport Pty Ltd Australian Labor Party (ALP) 7080
Perth Airport Pty Ltd Liberal Party of Australia 1500
Pfizer Australia Pty Limited ALP-Federal 40450
Pfizer Australia Pty Limited Lib-Federal 32075
Pfizer Australia Pty Limited Nats-Federal 13368
Phebra Pty Ltd Liberal National Party of Queensland 20000
Philip Morris Limited Liberal Party of Australia 56000
Philip Morris Limited National Party of Australia 25880
Philip Morris Limited Liberal Party of Australia (S.A. Division) 16760
Philip Morris Limited Liberal Party (W.A. Division) Inc. 6000
Philip Morris Limited Liberal Party of Australia (Victorian Division) 2400
Pindan Pty Ltd AFT Chamois Unit Trust National Party of Australia (WA) Inc (NAT-WA) 27200
Pindan Pty Ltd AFT Chamois Unit Trust Perth Liberal Party (LIB-WA) 10000
Pratt Holdings P/L Liberal Party of Australia 250000
Pratt Holdings P/L Liberal Party of Australia, NSW Division 10000
Pricewaterhousecoopers Liberal Party of Australia – VIC Branch 19607
Pricewaterhousecoopers Australian Labor Party – NSW Branch 18170
Pricewaterhousecoopers Progressive Business Association – SA Branch 10785
Pricewaterhousecoopers Liberal Party of Australia – NSW Branch 6275
Pricewaterhousecoopers Liberal Party of Australia VIC Branch 4000
Pricewaterhousecoopers Liberal Party of Australia – QLD Branch 3800
Pricewaterhousecoopers Australian Labor Party – WA Branch 2607
Pricewaterhousecoopers Liberal Party of Australia – SA Branch 2566
Pricewaterhousecoopers Progressive Business Association – VIC Branch 1650
Pricewaterhousecoopers National Party of Australia – VIC Branch 1100
Property Council of Australia Limited Lib – Fed: Business Briefing Program 6600
Property Council of Australia Limited Lib – Fed: Annual Gala Dinner 4000
Property Council of Australia Limited ALP – Fed: Federal Budget Night Dinner 2500
Property Council of Australia Limited Lib – Qld: Tim Mander Dinner 2000
Property Council of Australia Limited Lib – ACT: Event at Parliament House 1900
Property Council of Australia Limited Lib – QLD: Queensland State Budget Lunch 1900
Property Council of Australia Limited Lib – QLD: Tim Mander/Bronwyn Bishop Dinner 1900
Property Council of Australia Limited Lib – VIC: Boardroom Policy Forum 1500
Property Council of Australia Limited Lib – VIC: Annual State Post Budget Breakfast 1275
Property Council of Australia Limited Lib – Qld: Federal Budget Reply Lunch 1100
Property Council of Australia Limited Lib – NSW: Federal Budget Reply Dinner 1000
Property Council of Australia Limited Lib – VIC: Budget Week Cocktail Party 1000
Property Council of Australia Limited Lib – NSW: Parramatta Campaign Launch Dinner 600
Property Council of Australia Limited Lib – NSW: 2013 Federal Budget Reply Dinner 500
Property Council of Australia Limited Lib – Vic: Budget Week Dinner at Parliament House 500
Property Council of Australia Limited Lib – WA: Lunch with Tony Abbott 450
Property Council of Australia Limited Lib – NSW: Cook 200 Club Annual Membership 350
Property Council of Australia Limited Lib – SA: SEC Twilight Gold Day 300
Property Council of Australia Limited ALP – VIC: Donation to ALP Victoria Branch 250
Property Council of Australia Limited Lib – SA: Auge Dinner 225
Property Council of Australia Limited Lib – VIC: Dinner celebrating 1992 Victory 200
Property Council of Australia Limited Lib – NSW: Federal Fundraising Dinner 150
Property Council of Australia Limited Lib – SA: Luncheon with Marshall & Kennett 150
Property Council of Australia Limited Lib – NSW: Tony Abbott Birthday Function 120
Property Council of Australia Limited Lib – SA: Leadership on the Couch 100
Property Council of Australia Limited Lib – WA: Campaign Raffle 100
Property Council of Australia Limited Lib – SA: Pyne 20th event 70
Property Council of Australia Limited Lib – NSW 50
Ramsay Health Care Limited Liberal Party of Australia 95000
Ramsay Health Care Limited National Party of Australia 5000
Randazzo C & G Development Pty Ltd Country Liberals (Northern Territory) 52000
Randazzo C & G Development Pty Ltd Australian Labor Party (Northern Territory) Branch 50000
Rebkin Pty Ltd Australian Labor Party (Western Australian Branch) 20000
Regional Express Holdings Ltd Australian Labor Party (ALP) 250000
Regional Express Holdings Ltd National Party of Australia 95700
Regional Express Holdings Ltd Liberal Party of Australia 40000
Registered Clubs Association of NSW (t/as ClubsNSW) LIB-ACT- Federal Secretariat 100000
Registered Clubs Association of NSW (t/as ClubsNSW) ALP-ACT – National Secretariat 69000
Registered Clubs Association of NSW (t/as ClubsNSW) LIB-NSW – Millennium Forum of New South Wales Federal Account 29600
Registered Clubs Association of NSW (t/as ClubsNSW) ALP-NSW 20000
Registered Clubs Association of NSW (t/as ClubsNSW) LIB-NSW – NSW Division 15500
Registered Clubs Association of NSW (t/as ClubsNSW) ALP-NSW – NSW Branch Federal Campaign Account 15000
Registered Clubs Association of NSW (t/as ClubsNSW) LIB-NSW – NSW Federal Campaign Account 10000
Registered Clubs Association of NSW (t/as ClubsNSW) NAT-NSW – National Party of Australia NSW 10000
Registered Clubs Association of NSW (t/as ClubsNSW) LIB-ACT – Federal Secretariat 6600
Registered Clubs Association of NSW (t/as ClubsNSW) LIB-NSW – Hughes FEC Federal Campaign 6500
Registered Clubs Association of NSW (t/as ClubsNSW) NAT-FED – National Party of Australia Federal Council 5940
Registered Clubs Association of NSW (t/as ClubsNSW) LNP-QLD – LIberal National Party QLD 5500
Registered Clubs Association of NSW (t/as ClubsNSW) LIB-NSW – LIberal Party of Aust. Paterson FEC 4000
Registered Clubs Association of NSW (t/as ClubsNSW) ALP-NSW – ALP McMahon Federal Campaign 3300
Registered Clubs Association of NSW (t/as ClubsNSW) ALP-NSW – Eden – Monaro Re – Election Campaign Federal Labor 3000
Registered Clubs Association of NSW (t/as ClubsNSW) ALP-NSW – NSW Branch Blaxland Federal Campaign 3000
Registered Clubs Association of NSW (t/as ClubsNSW) LIB-VIC – Liberal Party Melbourne Victorian Division 3000
Registered Clubs Association of NSW (t/as ClubsNSW) NAT-NSW – National Cowper Electorate Council 3000
Registered Clubs Association of NSW (t/as ClubsNSW) ALP-QLD – Queensland Party 2200
Registered Clubs Association of NSW (t/as ClubsNSW) LIB-TAS – Tasmanian Division 2200
Registered Clubs Association of NSW (t/as ClubsNSW) ALP- NSW – Hunter Federal Campaign 2000
Registered Clubs Association of NSW (t/as ClubsNSW) ALP-NSW – Fowler Federal Campaign Account 2000
Registered Clubs Association of NSW (t/as ClubsNSW) ALP-NSW – Lindsay FEC 1700
Registered Clubs Association of NSW (t/as ClubsNSW) LIB-VIC – Liberal Party Melbourne Vic 1500
Registered Clubs Association of NSW (t/as ClubsNSW) LIB-NSW – LIberal Party NSW Bradfield FEC 1000
Registered Clubs Association of NSW (t/as ClubsNSW) NAT-FED – National Party of Australia Federal Campaign 770
ResMed Limited LIB-NSW – Liberal Party of Australia NSW Division 14000
ResMed Limited LIB Liberal Party of Australia 11000
Restaurant and Catering Industry Association of Australia LIB-NSW 39302
Restaurant and Catering Industry Association of Australia LIB-VIC 1758
Restaurant and Catering Industry Association of Australia LIB-QLD 1600
Restaurant and Catering Industry Association of Australia LIB-SA 1100
Restaurant and Catering Industry Association of Australia LIB-WA 601
Retail Guild of Australia Inc Nationals (WA) 22331
Retail Guild of Australia Inc Nationals Federal 16500
Retail Guild of Australia Inc Nats (WA) 16340
Retail Guild of Australia Inc LNP 13200
Retail Guild of Australia Inc Nationals (Fed) 13190
Retail Guild of Australia Inc Liberal Party (Fed) 11000
Retail Guild of Australia Inc Christopher Pyne (Lib Fed) 10000
Retail Guild of Australia Inc Dunkley FEC (Libs Fed) 10000
Retail Guild of Australia Inc Fairfax FDC (Libs Fed) 10000
Retail Guild of Australia Inc ALP (ACT) 6125
Retail Guild of Australia Inc National Party (Fed) 5940
Retail Guild of Australia Inc Casey Fed Election Conference (LIB) 5500
Retail Guild of Australia Inc ALP (WA) 5200
Retail Guild of Australia Inc Eden Monaro FEC (Lib Fed) 5000
Retail Guild of Australia Inc Nationals (NSW Fed a/c) 4000
Retail Guild of Australia Inc Enterprise 500 (Vic Lib) 3500
Retail Guild of Australia Inc ALP (FED) 2650
Retail Guild of Australia Inc Casey FEC (Libs Fed) 2000
Retail Guild of Australia Inc R Sutton (Nats WA) 2000
Retail Guild of Australia Inc Kooyong 200 1300
Retail Guild of Australia Inc Higgins Electorate (Fed Lib) 1100
Retail Guild of Australia Inc Nationals (Vic) 1100
Retail Guild of Australia Inc Dunkley Fec (Fed Lib) 1000
Rohanna Pty Ltd as trustee for the Skippers Unit Trust Liberal Party (W.A. Division) Inc. 18090
Rusca Bros Mining Pty Ltd Country Liberals (Northern Territory) 50000
Rusca Bros Mining Pty Ltd Australian Labor Party (Northern Territory) Branch 15000
Sandfire Resources NL Liberal Party (W.A. Division) Inc. 45000
Santos Limited ALP-FED 50829
Santos Limited LIB-SA 34367
Santos Limited ALP-SA 18590
Santos Limited LNP-QLD 18303
Santos Limited LIB-FED 12950
Santos Limited NAT-FED 10030
Santos Limited LIB-WA 5910
Santos Limited ALP-NT 5000
Santos Limited ALP-QLD 3300
Santos Limited ALP-WA 2550
Santos Limited LIB-TAS 2500
Santos Limited LIB-SA – Sturt FEC 1000
Santos Limited LIB-NSW 500
Schaffer Corporation Limited LIB-WA 47500
Senator Lee Rhiannon The Greens NSW 23918
Servcorp Administration Pty Ltd Liberal Party of Australia 16000
Servcorp Administration Pty Ltd Liberal Party of Australia, NSW Division 12200
Seth Pty Ltd Trading as Chin & Associates NT QLD CLP-NT 20000
Seven West Media Limited National Party of Australia 14740
Seven West Media Limited Liberal Party of Australia, NSW Division 10500
Seven West Media Limited Liberal Party of Australia 9100
Seven West Media Limited Australian Labor Party (ALP) 5650
Seven West Media Limited Australian Labor Party (South Australian Branch) 5000
Seven West Media Limited Liberal Party of Australia (S.A. Division) 2610
Seven West Media Limited Australian Labor Party (Victorian Branch) 1500
Sitzler Pty Ltd Country Liberals (Northern Territory) 17000
Sixmilebridge Pty Limited Liberal Party of Australia Lib-Fed 65000
Sixmilebridge Pty Limited Mackellar Business Forum (Liberal Party) 7000
Sixmilebridge Pty Limited New England FRC Nat-Fed 3000
Southern Quarries Pty Ltd Australian Labor Party (South Australian Branch) 25000
Southern Quarries Pty Ltd Liberal Party of Australia (S.A. Division) 23000
Southern Quarries Pty Ltd Liberal Party of Australia 5500
Sovori Pty Ltd Liberal Party of Australia 50000
Sovori Pty Ltd Liberal Party of Australia, NSW Division 26000
Sporting Shooters Association of Australia (Queensland) Katter’s Australian Party 100000
Springfield Land Corporation ATF Springfield Development Trust Australian Labor Party (State of Queensland) 63250
Springfield Land Corporation ATF Springfield Development Trust Liberal National Party of Queensland 21200
Steve Nolan Constructions P/L Liberal Party of Australia, NSW Division 150000
Steve Nolan Constructions P/L Liberal Party of Australia 50000
Sub Divide Pty Ltd LNP QLD 25000
Suncorp Group Limited Liberal Party of Australia, NSW Division 23500
Suncorp Group Limited Australian Labor Party (State of Queensland) 2000
Suncorp Group Limited National Party of Australia 1210
Sundance Resources Australian Labor Party (Western Australian Branch) 2000
Swick Mining Services Liberal Party of Australia 21364
Talrile Property Trust Liberal National Party of Queensland 30000
Tarcila Resources Pty Ltd Australian Labor Party (South Australian Branch) 30000
Tarcila Resources Pty Ltd Liberal Party of Australia (S.A. Division) 28000
Tarcila Resources Pty Ltd Australian Labor Party (Western Australian Branch) 3500
Technology One Limited Liberal National Party of Queensland 18400
Technology One Limited Liberal Party of Australia – Tasmanian Division 2900
Terrace Properties & Investments Pty Ltd Liberal Party (W.A. Division) Inc. 23000
The Eros Association Australian Sex Party 232089
The Gandel Group Pty Ltd Australian Labor Party – Isaacs 10000
The Gandel Group Pty Ltd Enterprise 500 Victoria 10000
The Gandel Group Pty Ltd Liberal Party of Australia (Vic Div) Kooyong 200 Club 10000
The Gandel Group Pty Ltd Australian Labor Party – Eden Monaro Federal Campaign 5000
The Gandel Group Pty Ltd Australian Labor Party – National Secretariat 1100
The Griffin Coal Mining Company Pty Ltd Liberal Party (W.A. Division) Inc. 44000
The Mantle Family Trust LNP QLD 16500
The Pharmacy Guild of Australia ALP-FED 41500
The Pharmacy Guild of Australia LIB-VIC 36635
The Pharmacy Guild of Australia LIB-FED 31600
The Pharmacy Guild of Australia NAT-FED 24870
The Pharmacy Guild of Australia ALP-VIC 23520
The Pharmacy Guild of Australia LIB-NSW 14830
The Sun Foundation Australian Labor Party (ALP) 25000
Transcontinental Group Liberal Party of Australia 15000
Transfield Services Limited Liberal Party of Australia 220
Trepang Services Liberal Party of Australia 100000
Trepang Services Australian Labor Party (Northern Territory) Branch 50000
Unions NSW ALP NSW Branch 150482
Unions NSW ALP National Secretariat 5500
Unions NSW ALP NSW Branch – Deb O’Neill 3000
Unions NSW ALP NSW Branch – Anthony Albanese 2200
Unions NSW ALP NSW Branch – Chris Hayes 2000
Unions NSW ALP NSW Branch – Tanya Plibersek 2000
Unions NSW ALP NSW Branch – Susan Templeman 1600
Unions NSW ALP NSW Branch – Jason Clare 1500
Unions NSW ALP NSW Branch – Sen. Matt Thistlethwaite 1000
Unions NSW ALP NSW Branch – Tony Burke 1000
Unions NSW ALP NSW Branch – Dinner with P.M. 990
Unions NSW ALP NSW Branch – David Bradbury 900
Unions NSW ALP NSW Branch – Christina Keneally Dinner 700
Unions NSW ALP NSW Branch – Laurie Ferguson 700
Unions NSW ALP NSW Branch – Sub. Cont. Friends of Labour 600
Unions NSW ALP NSW Branch – McKell Dinner 500
United Petroleum Pty Ltd LIB-VIC 15000
Universal Trade Pty Ltd Liberal Party of Australia, NSW Division 15000
Vector Resources Limited Liberal Party of WA 12500
Vector Resources Limited Liberal Party of Australia (WA Division) 150
Verona Capital Ltd Liberal Party (W.A. Division) Inc. 30000
Village Roadshow Film Administration Management Pty Ltd Liberal Party of Australia (VIC Division) (paid to Enterprise 50 50000
Village Roadshow Limited Liberal Party of Australia (Federal Secretariat) 120000
Village Roadshow Limited Liberal Party of Australia (VIC Division) (paid to Enterprise 50 109500
Village Roadshow Limited Liberal Party of Australia (VIC Division) 35504
Village Roadshow Limited Australian Labor Party (National Secretariat) 22000
Virtual Genius Pty Ltd Liberal Party (W.A. Division) Inc. 100000
Visa AP (Australia) Pty Ltd Australian Labor Party (ALP) 139000
Visa AP (Australia) Pty Ltd Liberal Party of Australia 76390
Visa AP (Australia) Pty Ltd Australian Labor Party (N.S.W. Branch) 5000
Visa AP (Australia) Pty Ltd Liberal Party of Australia, NSW Division 1500
Visa AP (Australia) Pty Ltd National Party of Australia 550
Viterra Ltd Liberal Party of Australia 150000
Viterra Ltd National Party of Australia 50000
Washington H Soul Pattinson and Company Limited Liberal Party of Australia 250000
Washington H Soul Pattinson and Company Limited Liberal National Party of Queensland 1900
Wei Wah International Trading Pty Ltd ALP NSW 200000
Wembley Lakes Estates Two Pty Ltd Liberal Party of Australia (WA Div) Inc – LIB-WA 25000
Western Areas NL Liberal Party (W.A. Division) Inc. 20000
Westfield Group ALP- Australian Labor Party 152000
Westfield Group LIB – Liberal Party of Australia 150000
Westfield Group LIB-VIC – Liberal Party of Australia (Victorian Division) 10000
Westfield Group ALP-QLD – Australian Labor Party (State of Queensland) 5000
Westfield Group ALP-WA – Australian Labor Party (Western Australian Branch) 5000
Westfield Group LIB-WA – Liberal Party (W.A. Division) Inc. 5000
Westfield Group ALP-VIC – Australian Labor Party (Victorian Branch) 2100
Westpac Banking Corporation Australian Labor Party (ALP) 69450
Westpac Banking Corporation Liberal Party of Australia 24537
Westpac Banking Corporation Liberal Party of Australia (Victorian Division) 21100
Westpac Banking Corporation Liberal National Party of Queensland 15500
Westpac Banking Corporation National Party of Australia 15400
Westpac Banking Corporation Australian Labor Party (Victorian Branch) 13200
Westpac Banking Corporation Australian Labor Party (South Australian Branch) 13130
Westpac Banking Corporation Liberal Party (W.A. Division) Inc. 5000
Westpac Banking Corporation Australian Labor Party (Tasmanian Branch) 3500
Westpac Banking Corporation Liberal Party of Australia (S.A. Division) 2640
Westpac Banking Corporation National Party of Australia – N.S.W. 1950
Westpac Banking Corporation Liberal Party of Australia – ACT Division 1050
Westpac Banking Corporation Liberal Party of Australia – Tasmanian Division 850
Westpac Banking Corporation Australian Labor Party (ACT Branch) 750
Westpac Banking Corporation Australian Labor Party (Western Australian Branch) 150
White Internet Pty Limited Liberal NSW – John Howard Fundraiser The Westin 17500
Willimbury Pty Limited Liberal Party of Australia 61000
Willimbury Pty Limited Mackellar Business Forum – LIB 7000
Willimbury Pty Limited National Party 3000
Wilmar Sugar Pty Limited Liberal Party of Australia – Tasmanian Division 9900
Wilmar Sugar Pty Limited Liberal Party of Australia 5000
Wilmar Sugar Pty Limited Liberal Party of Australia (Victorian Division) 750
Win Kwong Pty Ltd Australian Labor Party (State of Queensland) 15000
Woodside Energy Limited Liberal Party of Australia 120000
Woodside Energy Limited Australian Labor Party (ALP) 110000
Woodside Energy Limited Liberal Party (W.A. Division) Inc. 61150
Woodside Energy Limited Australian Labor Party (Western Australian Branch) 50000
Woodside Energy Limited National Party of Australia (WA) Inc 27000
Woodside Energy Limited National Party of Australia 5940
Woolworths Limited Australian Labor Party (ALP) 50950
Woolworths Limited Liberal Party of Australia 30600
Woolworths Limited National Party of Australia 16800
Woolworths Limited Liberal Party of Australia (Victorian Division) 8000
Woolworths Limited Liberal Party (W.A. Division) Inc. 5500
Woolworths Limited Liberal National Party of Queensland 3925
Woolworths Limited National Party of Australia – Victoria 110
Wyllie Group Pty Ltd Liberal Party (W.A. Division) Inc. 20000
Yuhu Group (Australia) Pty Ltd ALP NSW 100000

 

 

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Article at The Drum on tax and dividend carbon pricing

Carbon price round two: let’s get it right this time

Originally published at ABC’s The Drum

Posted Fri 29 Aug 2014

A tax and dividend system to tackle climate change could solve the current policy void and quickly transform the industry while not making individuals worse off, writes Warwick Smith.

There is a silver lining to the abolition of Australia’s carbon price: the opportunity to do a better job when, inevitably, a new pricing system is established.

Australian businesses expect a carbon price will be back in Australia in the not-too-distant future. Given the rapidly mounting evidence of climate change impacts already occurring, the policy void of the Abbott Government must eventually be replaced with meaningful climate action.

So, what was wrong with the old carbon price? The main problems were to do with complexity, coverage and price. The usual rent-seekers got into the government’s ear and secured overly generous compensation or exemption.

Then there was the compensation for households that never seemed particularly transparent. Add to this the federal government’s establishment of the Clean Energy Finance Corporation that combined with the Australian Renewable Energy Agency and the Renewable Energy Target to create an unnecessarily complex policy mess.

The idea of a price signal is that it causes behavioural change that leads to fewer emissions. The reason we needed to subsidise renewable energy is because the price wasn’t high enough to achieve a sufficiently rapid switch to low carbon energy production.

Indeed, had the scheme remained in place, the price would have fallen substantially. Our emissions trading scheme that was scheduled to take over from the tax would align the price with the European trading scheme where the price has been hovering about $AU10 per tonne. A much higher price is required to produce the deep emission reductions necessary to prevent the worst future impacts of climate change.

There has been very little debate about carbon pricing alternatives in Australia. We had a tax that was going to transition to a trading scheme but even the relative merits of these two options has received little attention.

There’s another alternative that is often referred to as a tax and dividend system (or fee and dividend if you think tax is a dirty word).

The idea is pretty simple, you set a tax rate, say $10 per tonne CO2e, which climbs by $10 each year for maybe 10 years. This tax is charged on all fossil fuels (and other emissions wherever practical), and then you give all of that money back to households. The tax could be rebated at the border for exports.

The result is a significant price rise in commodities that are greenhouse gas intensive but also a significant rise in income for all Australians. People will be able to continue to live exactly the way they were if they so choose and be no worse off. However, if they make consumption decisions that reduce their emissions they will be substantially better off, particularly if they are ahead of the pack.

Such a system would quickly result in a price high enough for renewable energy to outcompete fossil fuel energy. This won’t mean the immediate death of coal and gas because we simply don’t have the capacity to replace it that quickly. However, it does guarantee that new renewable projects will have a market and the genuine and rapid transition to a fully renewable energy sector will begin.

Job losses will occur in sectors no longer competitive but job losses accompany all change and progress. Losing employment can, of course, be tragic for individuals but the reality is that jobs come and go in modern economies at an astonishing rate and we must not use this as an excuse to not take action to prevent climate change. Many jobs will be created in the new low carbon economy as the transition occurs.

Alarm bells are ringing everywhere with respect to climate change. Recent observations of craters in Siberia and methane bubbles reaching the surface in the Arctic ocean are indications that some of the more catastrophic climate scenarios may come to pass. If we are to take the evidence seriously, we must take action that inspires quite rapid and radical change. A tax and dividend system for carbon pricing has the potential to achieve this with relatively little pain for the broader population.

The truth is that we should all be willing to pay a significant price in order to protect the biosphere from the worst of the impacts of climate change.

The reality though is that many people are too short-sighted to make those sacrifices now. The appeal of a tax and dividend approach to carbon pricing is obvious enough in this political and social climate.

We can implement a high enough price on carbon to prompt serious economic transformation while genuinely telling people they won’t be worse off as individuals.

Warwick Smith is an environmental economist at the University of Melbourne. He blogs at reconstructingeconomics.com and tweets @RecoEco. View his full profile here.

Posted in Australian politics, climate change, tax economics | Tagged , , , , , | Leave a comment

The Guardian – Why politicians must lie by Warwick Smith

Why politicians must lie – and how selling ice creams is like an election campaign

By Warwick Smith

Few expect politicians to tell the truth and few are particularly surprised or affected when lies are exposed. Why is this the universal experience of politics in most developed democracies? It turns out the answer is related to ice cream.

How selling ice creams is like an election campaign

Imagine you’re looking to set up an ice cream stall on a beach. There is already one ice cream stall on this beach and, sensibly, they have set up right in the middle (Figure 1).

figure 1
figure 1

Where is the best place to set up your new ice-cream stall? Most people’s intuitive answer is to suggest setting up at either A or B in Figure 2.

figure 2
figure 2

Assuming both stalls sell the same thing for the same price and people will simply buy from the closest stall, if you select location A or B, your share of the market will be 3/8, as illustrated in Figure 3.

figure 3
figure 3

However, if you set up as close to the existing stall as possible, your share of the market will be very close to one half (Figure 4).

fig 4
fig 4

This is in fact a classic example used in undergraduate economics textbooks illustrating the process for deciding the optimal location for a new retail outlet. But it’s also a perfect analogy for modern democratic politics if we substitute the beach for some measure of political spectrum such as left/right or authoritarian/libertarian.

When we plot this for US presidential elections, what happens?

political compass
Political Compass graph of the 2012 presidential elections.

I’m using graphs from Political Compass for this comparison but it doesn’t really matter which measures of political orientation you use you get similar results. See where Barack Obama and Mitt Romney are? It’s just like the two ice cream stalls on the beach. How about the Australian federal election in 2013?

Political Compass graph of the parties running in the 2013 Australian federal elections.
Political Compass graph of the parties running in the 2013 Australian federal elections. Photograph: /warwick smith

The two major contenders, Labor and the Liberal/National coalition, sit almost as disturbingly close on the graph as the Democrat and Republican presidential candidates. The UK is barely different.

Most politicians enter politics for ideological reasons. They want to contribute and make the country a better place (by whatever measures they see as important). However, the primary game of politics in a democracy is one of vote winning. You can’t implement your policies if you’re not elected and once elected the most important thing is to be re-elected so that you can continue your work improving the country. As a result, many politicians make this Faustian bargain; they sell their soul in order to prolong their political careers. They know that the best place to set up their ice cream stall is right beside their political opponent, with just enough differences to identify them with the one side or other of the spectrum.

They face the choice of openly and honestly standing up for what they believe or maximising their vote. To put it bluntly, they either lie or they lose.

The federal election of 2013 in my home country of Australia was a perfect example of this new era of political strategy. During this election campaign there was an unprecedented proliferation of fact checking units and web sites monitoring and reporting on the validity of politicians’ claims. The rate at which these fact checkers were pouring out verdicts indicating that politicians of both major parties were lying and exaggerating their way through the campaign was remarkable. Even more remarkable was how many of the false statements continued to be repeated after they were exposed.

Now that the Coalition are in government the lies haven’t stopped. In fact, I think it’s reasonable to conclude that the coalition government are using lies and exaggeration to justify the overwhelming majority of their agenda in which they are breaking many popular pre-election promises.

So, we know The Australian government lied its way into power. We know the now Labor opposition tried to lie their way into keeping power. We know that the government is lying in order to cover up its real policy agenda. Yet, knowing all of this changes nothing.

This contempt for voters and for democracy more generally is a predictable product of the conflicting pressures politicians face.

This framework for thinking about political strategy gets sophisticated enough to explain the rise of the tea party (in various forms in many countries) when we add two more considerations: preselection – or primaries as they’re known in the US; and campaign funding.

Preselection is the process whereby the parties select their candidates to run in elections. In the US, let’s imagine the values of voters along a particular political spectrum are as shown in Figure 8.

fig 8
fig 8

When running in primaries, the same driving forces are going to apply as above. The most effective strategy for Republican candidates will be to cluster around the red dot. However, the red dot is a long way from the centre of the spectrum where that candidate will need to place themselves in order to compete against their opposition Democrat candidate in the election. Thus the well-known phenomenon of primary candidates espousing extreme views, with the winning candidate having to frantically tack back to the centre once they are the only one left standing.

The tea party represents the backfiring of this strategy, where grassroots members are preselecting candidates who aren’t interested in moving back to the centre. The distance from the middle of the political spectrum leaves many tea party candidates unelectable outside of religious conservative stronghold electorates and absolutely unelectable as president even though they may one day win primaries. However, their very presence in elections allows their opponents to shift further to the right without penalty, thus potentially shifting the entire politics of the country in that direction. The Republican Party may lose, but democracy may lose even more as a growing number of people find themselves without candidates who represent their views.

This backlash is not limited to the US. The rise of ultra-right politics in Europe and the rise of the Greens in Australia and elsewhere are largely a result of the same phenomenon. Major parties positioning themselves side by side on the political spectrum opens up a lot of territory for other parties to move into. However, for Australia at least, preferential voting systems will see the majority of votes ultimately returning to the parties in the centre, making the strategy sustainable.

This framework explains many of the lies told by both major parties in the Australian federal election in 2013. Tony Abbott’s coalition government have won power through four principle strategies:

1) Exaggerate or lie about the record of the government they were trying to replace.

2) Make promises to the electorate they knew they wouldn’t keep (given the evidence of the Budget).

3) Make promises to corporate donors they intended to keep.

4) Excuse breaking the promises to the electorate by inventing a budget and debt crisis.

These strategies have allowed them to appear to be all things to all people while actually delivering to their corporate backers. The reality is that it’s much harder to justify to a corporate donor why you haven’t given them value for money than it is to a voter as to why you haven’t done what you said you were going to do. In a system where all the major contenders stretch the truth, lying isn’t that much of an electoral liability.

“Everybody sees what you appear to be, few feel what you are.” – Machiavelli writing to the prince

This model for thinking about political power in our democracies is far from complete. Social structures and organisations as well as solidarity among elites also play a huge role. However, what is presented here is enough to explain why politicians lie and why, in many instances they have no choice but to do so. The honest ones are highly unlikely to succeed in forming government.

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Guardian article on infrastructure funding

This article was originally published in The Guardian Australia.

How to make Australian infrastructure pay for itself – with no selloffs, and no tricks

‘Asset recycling’, as an approach to infrastructure investment, will only end up benefiting the banks. Taxing land is a more sustainable way forward

By Warwick Smith

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‘The uplift in land values that result from new transport infrastructure is literally a measure of how much the public values the improvements.’ Photograph: flickr

The federal government is offering state governments a sweetener if they sell public assets to fund the building of new infrastructure: for every dollar the states make on the sale, the federal government will give them 15 cents. On the surface it looks like a good deal for the states but it’s an approach to infrastructure funding that rejects all subtlety and evidence. Some public assets should stay in public hands and offering broad brush incentives to offload assets distorts calculations about the public benefit.

It’s tempting to call the federal government’s “asset recycling initiative” another example of their small government ideology, which is usually just cover for private rent seekers who want to pillage the public purse. When in doubt, follow the money. So who benefits from the privatisation of public assets?

The obvious answer is the buyer. Such assets will only be purchased if they stand to make a return. However, the biggest winners when multiple asset sales are considered are the banks. Privatised assets are almost always bought with borrowed money. So, while individual companies or consortia might benefit from the purchase of a government asset, it’s the banks and other lenders who benefit from a culture of privatisation.

Not only do buyers need to make a decent return on asset purchases but they also have to pay interest to the banks. This means that when an asset is privatised it’s the banks who are supplying the money and it is the public who are ultimately paying the interest; either through a lower sale price of the asset, through the increased cost of the services or through reduced services. This is something that usually slips under the radar in commentary on privatisation.

The strategy generally employed by the buyer of public assets is to privatise the profits and shift costs onto the public. It’s easy enough to make a public transport system more profitable. You reduce or eliminate unprofitable routes. The company increases profits and the public pays the price through reduced services. This means that the government has to write a very careful set of regulations in an attempt to guarantee service provision. The private owner’s lawyers go through these regulations with a fine-tooth comb in search of loopholes to exploit in the name of “efficiency”.

Similarly, we see in the electricity sector the much-reported “gold plating” of the transmission network. In an effort to ensure that the privatised networks didn’t fall into disrepair, governments guaranteed returns on network expenditure (which are recouped from us through increased charges). The result is that the electricity generators and distributors have overspent on network infrastructure – poles and wires – in order to cash in on this guaranteed return. This has driven up prices far, far more than the carbon tax did. Customers have no choice but to pay, as they cannot buy from a different transmission network.

It’s important to understand that these companies’ first interest is not in the efficient and effective supply of electricity. They just want profit. If they can most easily maximise profits by being good providers of a service that’s what they’ll do but, in this case, it’s easier to exploit loopholes in the regulations. It’s very difficult to write regulations that are watertight when it comes to these sorts of asset sales.

There are plenty of sound ways to fund infrastructure, but land taxes are the best and also the least likely to be used – because the financial industry, and in particular, the big four banks, would hate it. Taxes that capture uplift in land values (sometimes called betterment taxes) can be effectively used to recoup spending on a lot of public infrastructure. Most good public infrastructure projects lift land values for properties that the infrastructure serves.

For well prioritised projects, this uplift in land value is well in excess of the cost of the infrastructure. By prioritising transport projects based on projected land price rises, and taxing enough of that rise, we could have rolling infrastructure programs that pay for themselves. The uplift in land values that result from new transport infrastructure is literally a measure of how much the public values the improvements – and is therefore a great way to prioritise efforts. Of course, government should also remain open to providing infrastructure for social justice reasons that may not fit into this model.

If we could have fantastic public transport in our major cities that pays for itself, why aren’t we already doing it? There are three major hurdles to implementing greater use of land taxes: the banks, the real estate industry and property investors. The first two are very powerful political lobby groups and very generous political donors, and the last is quite a large voting bloc.

In the lead up to the 2013 federal election, the financial industry gave more money to the Coalition than any other industry. Profit making corporations do not give their money away for nothing. Though rarely explicitly admitted by those involved, there is an understanding that corporate political donations buy access and favourable treatment in policy development and legislation. Why else would for-profit organisations make such donations? Is it any wonder that no action taken by the Abbott government has been inconsistent with the interests of the financial sector?

Using land taxes to recoup infrastructure spending would be a double blow to the banks. Firstly, as stated above, it would deny them the new markets opened up by privatising government assets. Additionally, broadly implemented land taxes, as recommended by the Henry Tax Review, would reduce speculation on land prices (the buying of land on the expectation its value will rise), thus lowering prices in the long term and reducing the size of loans needed to buy property.

That the banks are the principal beneficiaries of ever-climbing housing prices is yet another largely overlooked fact. The more banks can lend people to buy houses, the more expensive real estate gets, the more money banks get to lend and the more profit they make. It’s a beautiful self-perpetuating gravy train.

Politicians feign concern about housing affordability and how hard it is for first home buyers to get into the market but they don’t enact any of the policy measures that we know would improve affordability for fear of upsetting the financial industry, the real estate industry and all the “mum and dad” property investors who’ve been lured into real estate by distortionary government policies like negative gearing and concessional treatment of capital gains (both of which are effectively corporate welfare for the banks).

However, the ACT government is leading the way to reform. They are slowly and incrementally replacing inefficient and unreliable stamp duties with land taxes. This will not help much with infrastructure, as the rates are too low, but it’s a little step in the right direction that should open the way for broader acceptance of land taxes as an efficient and socially beneficial way to collect government revenue. After that, maybe we can work towards our infrastructure utopia. Rome’s aqueducts weren’t built in a day.

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Guest appearance on Radio Roundup – Main FM

On Friday night I was the guest of Radio Roundup‘s Rusty Nails and Ben Boyang where we spent an hour talking about money. We covered a lot of territory including money creation, interest rates, real estate prices, quantitative easing and the political power of the financial industry.

You can listen to the program here.

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Joe Hockey fights to claw back a little for the overburdened wealthy

By Warwick Smith
Originally published at The AIM NetworkAugust 11, 2014

If Joe Hockey’s first budget wasn’t enough to convince people that the government was going into bat for the nation’s wealthy, then Joe himself has surely confirmed this with his recent suggestions that the rich have already done their share of heavy lifting. But as Warwick Smith reports, Mr Hockey certainly isn’t playing with a straight bat.

Recent reports show that the government knew beforehand that the federal budget would hit lowest income earners hardest. Treasury modelling predicted that low income earners would lose $844 and high income earners lose $517 per year. Treasurer Joe Hockey’s response demonstrates that he thinks the rich are doing too much of the heavy lifting and are unfairly burdened by the tax and transfer system.

Hockey has criticised the Fairfax reporting and claimed that the figures from the Treasury modelling don’t give a complete picture. Here is a breakdown of some of his statements in support of that claim:

“It doesn’t take into account the fact that higher income households pay half their income in tax.”

For a start, the factual basis of Hockey’s statement is false. If you’re on $180,000 per year (often cited as the threshold to be considered high income) and you make no deduction claims you pay less than one third of your income in tax. Now, if your taxable income is $20 million per year, you do in fact pay close to half your income in tax. The reality though is that people who earn that much use complicated financial and accounting arrangements which result in them paying much less than the marginal tax rate of 47%. The genuinely wealthy don’t pay much income tax, that’s largely reserved for wage earners.

So, factually what Joe says here is just plain wrong. Make no mistake, he knows it’s not true. He may not be the best Treasurer we’ve ever had but I’m fairly confident he knows the difference between marginal tax rates and average tax rates. Now, onto the relevance of the remark for the point he’s trying to make. The assertion is that the budget measures hit low income earners hardest. The response is that high income earners pay lots of tax and low income earners pay little. The Treasurer’s response has no bearing whatsoever on the assertion he is trying to refute.

I think we should make logic classes mandatory for politicians. See, what Hockey says can be true (though the specifics are certainly false) and the reported Treasury modelling figures and Fairfax’s comments about them can be true. This means that what Hockey has said is not a refutation of the figures, it’s just an unrelated assertion.

OK, Hockey’s refutation of the Fairfax story continues:

“Every dollar that lower income households receive comes from higher income households”.

I don’t want to spend too long repeating myself but, once again, what Hockey says here is both factually incorrect and irrelevant to the question at hand. Welfare payments and funding for concessions come from consolidated revenue, of which a bit less than half comes from individual income tax. So, only every second dollar comes from higher income households. Again, Hockey knows that but he’s not one to let facts get in the way of a good argument – or, in this case, a bad argument. Does the fact that high income earners support low income earners refute the validity of the claim that low income earners suffer more under the budget measures? No, of course not. Again, it’s just another unrelated assertion meant to serve as distraction.

I could go on citing and refuting Hockey’s statements but I think the point has been made.

Hockey failed to meaningfully respond to the Treasury modelling. What he does say though is very revealing. His response is a continuation of his “lifters and leaners” narrative of the budget. He’s effectively saying that low income earners deserve to suffer more than high income earners because the high income earners are already suffering so much. Their suffering is caused by the tax office taking from them to give handouts to the bludgers at the bottom of the social pile. This is the only possible interpretation of Hockey’s words that I can come up with. He’s saying that the budget measures are not unfair, they’re just correcting a little bit of the unfair burden that the rich already bear.

I think it’s important that we see these statements for what they really are. Joe Hockey wants the poor to be largely left to fend for themselves so as not to be a burden on his wealthy mates and campaign contributors. He either doesn’t understand or doesn’t care about the mountain of evidence that shows that the country as a whole will be much worse off if we allow wealth and income inequality to grow.

Warwick Smith is a research economist and social commentator. He blogs at reconstructingeconomics.com and tweets @RecoEco.

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Snowpiercer, a film that makes you cheer against yourself

By Warwick Smith

The bizarre and gratuitously violent, soon-to-be-cult movie that is Snowpiercer is in a long tradition of film and fiction writing that casts radical judgment on its audience. The teenage cult sensation The Hunger Games sits in powerful company with Snowpiercer. Both Snowpiercer and The Hunger Games are stories of class conflict; about cheering for the underdog. However, the jarring reality that most viewers dare not face is that in real life we, the viewers, are not on the side of the underdog heroines and heroes; we are the enemy.

In Snowpiercer, a film where the last vestiges of humanity are all travelling together on a huge, high tech train, the carriages appear to represent the current geographical distribution of the world’s people. The poor are contained within their grimy ramshackle carriages at the back of the train by armed border guards and sophisticated locked doors whereas the elite may move up and down the train at will. The wealthy can pop into the poor carriages and pluck out people who fit some need that they have, while leaving the rest in squalor. The parallels with the relationship between rich countries and poor countries are unmistakable.

This relationship is something that most of us shy away from. I’m no exception. I just sat watching the second Hunger Games film in a comfortable heated room with a glass of expensive whisky by my side. I was curious to see what all the fuss was about. As it turns out, it was about me and my expensive whisky.

We sit here entwined in our socially fabricated struggles with justifications galore about why we are doing it tough. Real estate prices create mortgages that vacuum our apparent opulence away. Still, we have the luxury to sit back on a Friday or Saturday night, have a good meal and watch a film. Who could begrudge us that after a hard week?

How can any of what we have be morally reconciled with the life of serious abject poverty or profound physical insecurity that so many in the world face? Most of the time this is too much to contemplate so we choose not to really engage.

While being entertained we can experience truth that we otherwise couldn’t relate to. Both The Hunger Games and Snowpiercer have us identify with protagonists who, if we were in their world, would consider us the enemy. It’s a class struggle and we (almost anyone in the western world) are the powerful and wealthy elite. The bourgeoisie. Our opulent consumption is at the cost of their survival or, at the very least, their dignity as human beings.

“We, in our culture of commodities, are living our crisis; the rest of the world are living theirs. Our crisis is that we no longer believe in a future. Their crisis is us. The most we want is to hang on to what we’ve got. They want the means to live.”
John Berger

For a couple of hours, when we watch Snowpiercer, we identify with the Afghan refugee, walking, wide-eyed through the opulence of a western city. For a couple of hours, we are the slave, mining coltan in the Congo for smart phones and computers. Few come out of the cinema owning that experience but, like the beginnings of all powerful change, the effect is in the margins.

As a society, we’re so determined not to have our opulence interrupted by those from another class (i.e. from a poor country) that we endorse the maintenance of heavily armed borders and inhumane policies to punish any who try to come here to live without our invitation or permission.

What’s to be done? Do we take the red pill or the blue pill? If you’ve somehow dodged that Matrix reference I’ll spell it out for you: you can either forget what’s written here and wake up tomorrow as normal, in your soft and comfy bed, or you can digest what’s here and the implications and do something. Do you want to be the indoctrinating school teacher in Snowpiercer? Do you want to be one of the adoring fans in The Hunger Games, cheering while poor people kill each other? Is that something you can consciously accept?

The writers and directors of these films and books are telling us something and it’s about more than cheering for the underdog. While we are watching these films we’re cheering against ourselves. After you acknowledge that’s what you’re doing you can never quite go back to how you were, even if you do take the blue pill.

Warwick Smith is an economist, philosopher and social commentator. He blogs at reconstructingeconomics.com and tweets @RecoEco.

Posted in climate change, Inequality, movie review, Political philosophy | Tagged , , , | 2 Comments

The perils of the last human – by Warwick Smith in New Philosopher magazine

Issue # 5 of New Philosopher is out today and in it is my piece about what we can learn from Nietzsche about modern political economy and climate change. For those of you who don’t know it, New Philosopher magazine is a great new publication that brings philosophy to bear on a new topic in each issue. It’s for general audiences and is jargon free (or at least very low jargon) and really well produced. No, this isn’t a paid ad, I just like the mag.

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The editors of New Philosopher cut the first three paragraphs from my original piece. It’s my opinion that it was better with them but that’s their call to make. Here’s the start of the original as it flows into the print version. I won’t reproduce the whole thing here until after Issue #6 of New Philosopher comes out (in Nov) but I encourage you to go and buy the magazine cos it’s great.

Edit (5 Dec 14): This piece has since been republished in it’s longer form at The Conversation and is free to read.


The perils of the last human

By Warwick Smith

Nietzsche’s much quoted line “God is dead” was not, as it is often presented, a statement of triumphant atheism but was a warning and a call to action. We had killed God with rationalism and science. With God had gone our moral compass and our sense of purpose and we had nothing to replace them with but science and logic.

This is an existential problem because, as David Hume famously proved, you can’t argue from ‘is’ to ‘should.’ We may be able to use science to help us get what we want but we cannot use science to tell us what to want nor to tell others what they should want.

This is where the field of economics has stepped in. Freedom, according to mainstream neoclassical economics, is fundamentally about the expression of individual preferences. The more money we have the more preferences we can express and, therefore, the freer and happier we are. Boom, Nietzsche’s existential problem solved.

“Nature has placed mankind under the governance of two sovereign masters, pain and pleasure. It is for them alone to point out what we ought to do, as well as to determine what we shall do.”

Jeremy Bentham – An Introduction to the Principles of Morals and Legislation

The utilitarianism that underpins neoclassical economics simply equates money with choice and choice with the freedom to pursue pleasure and avoid pain. The freedom to buy.

Economists tell us that economic growth is, therefore, the key to progress. Growing the economic pie gives more people more options and that is the goal of society. It’s a technocratic system where we believe any problem can be solved by better application of theory.

This technocratic focus on economic growth has brought unprecedented material prosperity to the western world. As a result, major political parties around the world have ceded authority to the technocrats. The utilitarian calculus that sits beneath our economic system is never questioned. Instead, political debate centres on how to balance the trade-offs and whether to compensate the losers in the race to gain wealth and consume.

“I’m very fond of boats myself. I like the way they’re contained. You don’t have to worry about which way to go, or whether to go at all – the question doesn’t arise, because you’re on a boat aren’t you?”

Tom Stoppard – Rosencrantz and Guildenstern are dead

What’s missing, of course, is any basis on which to evaluate the direction that society, or indeed humanity as a whole, is taking. We’re on a giant cruise ship and we are completely free to explore and enjoy. However, there is nobody identifiable at the helm.

. . . .


Please go and buy a copy of New Philosopher (from most good newsagents and many bookstores) to finish reading the article.

Edit (5 Dec 14): This piece has since been republished in it’s longer form at The Conversation and is free to read.

Posted in climate change, Economic theory, philosophy of economics | Tagged , , , , | 5 Comments

Abbott achieves the impossible: unity among economists – The Guardian

Originally published in The Guardian. Please go here to read the original.

Economists are refuting the three big picture claims made by the government: 1) We have a budget emergency 2) We have a debt crisis and 3) The carbon tax was ruining the economy

Prime minister Tony Abbott during a press conference.
Prime minister Tony Abbott during a press conference. Photograph: Alan Porritt/AAP

There’s a joke about economists: if you ask five economists the same question you’ll get six different answers. Granted, it’s not a very good joke, but it’s a fair call. Ours is a complex field, and a growing number of economists are acknowledging that the theory sitting behind mainstream economics is mostly rubbish. As a result, it’s very difficult to find consensus on real world events.

But that’s where Abbott and Hockey have achieved what many thought impossible: a true consensus. Unfortunately for the coalition government, the consensus is entirely against them. The Abbott government’s agenda has been driven by three major claims, all of them economic in nature. Let’s see how economists view these three themes:

1) There is a budget emergency

Number of economists who agree: zero

2) The federal government has a debt crisis

Number of economists who agree: zero

3) Carbon pricing is an economic wrecking ball

Number of economists who agree: zero

The above represents a very slight exaggeration. You can find people with some economics qualifications who agree with the government but, without exception, they either work for the Coalition or for some entity with ideological motives (like the IPA or News Corp).

While most would agree that there are serious structural problems with the budget, none would call it an emergency. Chris Richardson, economist and partner at Deloitte Access Economics, said:

We don’t need a surplus tomorrow, we don’t even necessarily need it in five years’ time. I’m more than happy with us getting back to sustainable fiscal finances over the long term. The politics would tend to suggest moving earlier rather than later but on the economics there’s no rush.

Saul Eslake, chief economist at Bank of America Merrill Lynch, said that to call the Australian debt situation a crisis was “to abuse the English language.”

Similarly, Nobel prize winning US economist Joseph Stiglitz used terms such as “absurd”, “crazy” and “a crime” to describe some of Hockey’s budget measures, and dismissed the perceived debt and deficit problems, noting that any Australian who worries about debt “must be out of their mind.” Richard Holden, professor of economics at the Australian School of Business, put it this way: “First, Australia does not have a debt crisis. Or, to put it another way, Australia does not have a debt crisis.”

It doesn’t stop here. The Age recently conducted its annual economics survey of 25 prominent economists. They select economists from a broad range of backgrounds across the spectrum of economics and their views vary widely on almost all issues. None of them agreed with the government on any of the above three topics.

This unique consensus among economists makes it clear that the entire government agenda is based on false premises. How has this exposure affected the Coalition’s agenda or their messaging? Not at all. Not one bit. Not one iota. Let’s be clear about this. We know they’re not being honest about their real motives for policy. They know we know, too. They don’t care.

As I’ve explained previously, the Abbott and Hockey budget, if fully implemented, would have taken us a long way towards the free market social and economic model of the US, and away from the social democracy model of much of Europe. But the question remains as to why they would do this. Who benefits from a US style free market system where government minimises its involvement?

The answer of course is the wealthy and those who already wield power. The greatest beneficiaries of Abbott and Hockey’s policies are their largest financial backers, including the financial industry, the mining and energy industries, gambling interests and real estate companies.

For all the talk about this being the most ideologically driven government in living memory, the reality is something much simpler and more familiar. This government is simply delivering to big money what big money wants.

One of the clearest examples of this is the winding back of the Labor government’s Future of Financial Advice (FoFA) reforms. We know that many financial advisors have been preying on their clients. They make use of clients’ lack of understanding of complex investing and other financial options to direct them to financial products that are not in their interest, but rather in the interests of the advisor. This has been costing consumers huge sums of money, which primarily flow into the hands of the banks.

Labor’s reforms were aimed at making such conflicts of interest for advisors illegal in order to address this complex problem. The Coalition have wound back Labor’s changes and have provided not one defensible reason for doing so. Compliance costs and red tape have actually increased, so that cannot be used as the excuse. Meanwhile, we allow the banks to continue to profit from ripping off their customers.

The same is at play when you examine climate policy. You can’t find an independent economist who thinks the government’s “direct action” plan for tackling climate change is more efficient or effective than a carbon tax or trading scheme. Who likes direct action? The polluters of course. Instead of paying to pollute, they get payed not to pollute. Here’s the real con: one argument we are given is that the carbon tax was too big a burden on consumers. Who’s going to pay the polluters to reduce pollution? The government. Where do they get the money? From all of us. Consumers pay anyway.

The clarity of these examples reveals the sad reality of this government. They are not ideologues, they are just puppets dancing to the tune of those pulling their strings.