A reminder that Australia is a plutocracy

February 8, 2022
Issue 
Billionaire Anthony Pratt has been revealed as the biggest donor to the major parties. Photo: Tom Witham / Wikimedia Commons

With a federal election just around the corner, the Australian Electoral Commission鈥檚 annual report on donations to political parties on February 1 was a sober reminder that Australia is still a plutocracy 鈥 a country ruled by the rich 鈥 and that we are about to have another deeply corrupted exercise on 鈥渄emocracy鈥.

As the chair of the Centre for Public Integrity, Anthony Whealy QC, told聽: 鈥淲hat we can see is that a handful of donors dominate the funding of political parties. Big money has big impact, with the top 10 donors funding almost a quarter of all donations.鈥

One of Australia鈥檚 richest people, billionaire Anthony Pratt, was the biggest declared political donor, giving some $1.3 million to the Liberals. The other usual suspects, including the big mining companies, fossil fuel companies, corporate media companies, developers and gambling and alcohol companies, were all in there, giving nearly all their donations to the traditional parties of government: the Liberals, the Nationals and Labor.

Since the information in this report is from a year or so ago, the traditional jump in political donations ahead of the next federal election is not included.

贵耻谤迟丑别谤,听聽of political donations are anonymous because of longstanding loopholes in the disclosure rules.

While the report revealed that the big end of town is clearly giving more money to the Coalition parties () than Labor (), the second- and third-biggest donations (after Pratt鈥檚 biggest donation to the Liberals) went to a right-wing organisation associated with the 鈥淔reedom鈥 protests around the country, according to聽.

鈥淔ollowing Pratt on the list are two political donations worth $1 million to conservative activist group Advance Australia 鈥 one from Silver River Investment Holdings ($650,000) and Cartwright Investment Corp Ltd ($350,000).

鈥淪ilver River Investments鈥 directors are Simon and Elizabeth Fenwick of Mosman in Sydney. Elizabeth is also listed as the sole director of Cartwright Investment Corp. Simon, a former fund manager, announced his intention to start bankrolling Advance Australia in 2020, citing concerns about 鈥榣eft-wing agendas鈥 and 鈥榙ictatorial鈥 politicians like Dan Andrews.

鈥淐reated ahead of the 2019 election as a right-wing GetUp, Advance Australia has recently focused its energy on attacking COVID restrictions and vaccine mandates. Recent Facebook ads claiming Australians were being forced to get vaccinated were removed from the platform 鈥

鈥淭he largest individual donor was William Nitschke, who made four donations worth $300,000 to Rod Culleton鈥檚 Great Australian Party, which is running conspiracy theorist Pete Evans as a Senate candidate at the election. It鈥檚 the second year running in which Nitschke has been the largest individual donor.鈥

There were no political donations reported from the other billionaire funder of the far right, Clive Palmer. But he may have thrown in his money after July 1, 2021, the end of the reporting period.

We should remember that these millions of dollars in political donations are totally dwarfed by the money the corporate rich get back in the forms of subsidies, tax concessions and tax cuts.

Billionaire Pratt, for instance, donated $1.3 million but received a $10 million grant from the federal government鈥檚 bushfire recovery fund in the same reporting period. On top of that,聽聽in an accelerated depreciation scheme, one of the federal government鈥檚 corporate pandemic welfare measures that was introduced just as income protection measures for the unemployed were removed.

罢丑别听聽reported that 鈥渞esources companies were the highest spending sector, giving almost $2 million, more than half of which went to the Coalition鈥. It said oil and gas giant Woodside donated $232,350 and that Chevron and Santos 鈥渨ere smaller spenders鈥, giving less than $75,000 each.

Energy baron Trevor St Baker鈥檚 family trust donated almost $113,000 to the Coalition and $54,500 to Labor, the SMH said. 鈥淟obby groups the Minerals Council of Australia and Low Emissions Technology Australia (previously called Coal21) gave the parties more than $300,000 combined.鈥

In the same period, the Australia Institute reported that the mineral and energy sector benefited from a record聽聽and a third of mining companies聽.

These numbers reveal we live in a plutocracy. If you agree with聽麻豆传媒聽that this is not only unjust but unsustainable you should join us in building the people power needed to expose and fight the plutocrats. Become a聽supporter聽today and make a聽donation聽to our Fighting Fund.

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