Australia's new law caps individual political donations at $20,000 to curb billionaire influence.

New legislation in Australia aims to limit the influence of wealthy donors on elections by banning individual donations over AUD 20,000 to political candidates. While the measure targets the impact of billionaires like Clive Palmer, independents argue it may disadvantage them, giving more power to major parties. The changes are not set to take effect until after the next election.

November 17, 2024
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