So not only does Victoria have predictable electoral cycles, with elections locked into a four year cycle instead of being held at the whim of the party in power. Now we’re going to benefit from some incredibly stringent funding limitations, which are basically aimed at reducing the ability of corporations and lobby groups to buy influence.
The three big bullet points to capture everyone’s attention are:
- Cap donations at $4,000 over a four-year parliamentary term, completely eliminating large donations to political parties, associated entities, and third party campaigners.
- Reduce the disclosure limit from $13,200 to $1,000 per financial year.
- Ban foreign donations.
It’s a huge change, particularly by comparison to federal disclosure law and the more so because they’re also cutting down the delay between submitting financial records to the electoral commission and when those records become available to the country.
Still, it may make the Victorian Parliament a bit easier to contest in the future and even make a State Pirate Party viable here.