But where does your funding come from? (political candidates and their donors)

One of the questions that is often put to Independent candidates relates to the issue of funding. “Where is your funding coming from?” “Your candidate is on the Climate 200 website—that means they’re a Teal, doesn’t it?” The implication is that Teal is somehow “Green-lite” and that there are murky climate-change figures lurking behind the group, feeding it money. Some basic figures might be helpful here.

For the 2022 election campaign, Climate 200 raised over $12 million and used it to back 23 independent candidates. These include Dr Monique Ryan, Zoe Daniel, Kylea Tink and Allegra Spender. The crowdfunded initiative received donations from every electorate in the country, with 11,500 donors in total. One third of these came from rural and regional areas. 

Over the past financial year, Climate 200 has disclosed that they have received a total of $4.4m in donations. One donor, Robert Keldoulis and his investment firm Keldoulis Investments Pty Ltd, gave $1.1 million. Climate and energy market-focused trader Marcus Catsaras also donated $1 million. Other donations came from the large number of individuals, located right around the country, who are keen to support independent candidates who support an evidence-informed response to climate change, integrity in parliament, and gender equity. That’s all they ask for; they don’t govern the policies of each candidate.

Alongside that $4.4 million given to Climate 200, we should place the major parties. The Australian Electoral Commission recently published a report which indicated that almost $160m flowed to the established major parties (Labor, Liberal, National, and Greens) in the past financial year, in preparation for the 2025 election. Labor’s branches received a total of $67.5m in receipts in the past financial year, compared with the Liberals’ and Nationals’ combined $72.2m. The Greens received $17.1m.  

Whilst the majority of these donations were declared, the source for $67.2m was not declared. That’s troubling. The major parties apparently have ways around the laws that are still in place for this election. About half of what was donated to the Coalition has not been publically declared. It’s a lesser proportion for Labor. But that is still a worry.

Betting companies gave large amounts to Labor. In 2022, Sportsbet donated $88,000, Tabcorp $60,500 and the peak body Responsible Wagering Australia gave $66,000. Overall, Labor received almost $300,000 in 2021–2022, the Liberals a little over $100,000, and the Nationals received around $80,000. 

Figures reported to the Australian Electoral Commission and analysed by the parliamentary library, show donations from the biggest gambling companies involved in horse betting to the major parties have increased from $66,650 in 2013–14 to $488,000 in 2022–23, representing a 632% growth. The major parties have taken this money without gumption. It’s a disgrace.

The Labor Party and the Liberal Party do not accept donations from tobacco industry players, but other parties do. In 2021–22 for example, Philip Morris Ltd donated $110,000 to political parties, split between Liberal Democratic party and the National Party.

The two major parties continue to receive donations from fossil fuel companies. Gina Rinehart’s Hancock Prospecting donated $500,000 to the Coalition, while the Minerals Council of Australia gave $382,465 in donations to several Labor and Coalition branches. 

A report released this week predicts that a Coalition proposal to limit the rollout of renewable energy could stop at least $58bn of private investment in new developments and halt billions of dollars in flow-on spending in communities. Although it has not said it would limit renewable energy to 54%, the Coalition has said that it would not support as much solar and wind energy, and that it would scrap Labor’s $20bn rewiring the nation fund to build transmission links across the country.

That’s what comes from accepting fossil fuel money and supporting a destructive, dying industry. The policies of the Coalition—and, indeed, the policies of Labor—continue reflect that they cannot give up their damaging addiction to fossil fuels. We are helping to sign the death warrant of humanity and the planet by continuing on this path.

Climate 200 passes on all donations received to community-supported Independents. They report that their donors come from all walks of life. “They include entrepreneurs, farmers, tradespeople, professionals, teachers, pensioners, and health care workers. One-third are from rural and regional Australia and collectively they hail from every single electorate in the country.”

They note that “All our donors hoped for a better future for the planet and a more civilised politics.” That’s a markedly different motivation from the donations made by commercial business interests, who lobby the government incessantly and fund all major parties with the intention that they will be able to influence legislation. It’s a cancer at the heart of our system.

Climate 200 also notes that all their donors who give above the disclosure threshold each financial year “will be disclosed in accordance with AEC regulations, [however] the majority of our donors are below this threshold and have agreed to share their identity anyway.” There is full, open, transparent disclosure. Unlike the major parties, who are shifty and reticent about the declarations that they do have to make. It’s a clear contrast, offering a clear choice. 

*****

In writing this blog, I have consulted the following websites:

https://www.theguardian.com/australia-news/2025/feb/03/dark-money-political-donations-labor-coalition-liberal-greens-ntwnfb

https://www.theguardian.com/australia-news/2024/nov/04/how-donations-to-political-parties-from-gambling-companies-linked-to-horse-racing-have-surged

https://www1.racgp.org.au/newsgp/professional/ban-tobacco-and-vape-political-donations-racgp

https://www.acf.org.au/fossil-fuel-interests-big-donors-to-major-parties-in-election-year

https://www.theguardian.com/australia-news/2025/apr/10/coalition-nuclear-plan-will-plough-58bn-wrecking-ball-through-renewable-energy-projects-analysis-warns

https://www.rmit.edu.au/news/factlab/australian-federal-election-simon-holmes-a-court

See also 

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Author: John T Squires

My name is John Squires. I live in the Hunter Valley in rural New South Wales, on land which has been cared for since time immemorial by the Gringai people (one of the First Nations of the island continent now known as Australia). I have been an active participant in the Uniting Church in Australia (UCA) since it was formed in 1977, and was ordained as a Minister of the Word in this church in 1980. I have had the privilege to serve in rural, regional, and urban congregations and as a Presbytery Resource Minister and Intentional Interim Minister. For two decades I taught Biblical Studies at United Theological College at North Parramatta in Sydney, and more recently I was Director of Education and Formation and Principal of the Perth Theological Hall. I've studied the scriptures in depth; I hold a number of degrees, including a PhD in early Christian literature. I am committed to providing the best opportunities for education within the church, so that people can hold to “an informed faith”, which is how the UCA Basis of Union describes it. This blog is one contribution to that ongoing task.