Major parties face having to repay millions of dollars in donations
The High Court has ruled that major political parties in Victoria must repay millions in donations received from their legacy investment funds. This decision comes after the court struck down the state's campaign finance laws, declaring the use of these funds illegal for campaigning. As the state election approaches, this ruling poses a significant financial challenge for the Labor and Coalition parties.
- ▪The High Court ruled that the use of legacy investment funds for campaigning is illegal.
- ▪Major parties may have to repay millions in donations ahead of the upcoming state election.
- ▪The ruling follows the abolition of Victoria's campaign finance laws, which had previously allowed unlimited access to these funds.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.