Sydney: Australia's wealthy Prime Minister Malcolm Turnbull reportedly made a large personal donation to the conservative Liberal Party during the recent fiercely fought election in a move ridiculed by the Labor opposition.
The multi-millionaire, whose Liberal/National coalition was narrowly re-elected, handed over Aus$1 million (US$760,000) of his own money in the final weeks of the campaign with the party "desperate... for finances", The Australian newspaper said Friday.
The party did not deny the alleged bail-out but said in a statement that "the claim in today's Australian that the Liberal Party is 'either in debt or broke' is false".
The newspaper said the money was a "tightly kept secret" and was used to fund television advertising, direct mail-outs and opinion polls.
The donation was mocked by senior opposition Labor politician Anthony Albanese, who told broadcaster Channel Nine: "I wish we had someone who had a lazy Aus$1 million sitting in the corner that could just plonk into the campaign".
Labor relies on donations and affiliation fees from trade unions for much of its funding.
Turnbull is reportedly worth Aus$200 million through his previous careers as a barrister, businessman and investment banker.
Under Australian law, political parties receive public funding according to how well they perform in an election.
The funding, which is received after the polls, is usually insufficient to pay for campaigns, with parties having to approach donors -- individuals and companies -- to boost their kitty.
All donations above Aus$13,000 at the national level have to be disclosed, with the latest contributions to be revealed in 2017.
The Liberal Party's New South Wales branch had Aus$4.4 million withheld from its coffers earlier this year by the electoral commission over its failure to disclose the identity of major donors in 2011 state elections.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
The multi-millionaire, whose Liberal/National coalition was narrowly re-elected, handed over Aus$1 million (US$760,000) of his own money in the final weeks of the campaign with the party "desperate... for finances", The Australian newspaper said Friday.
The party did not deny the alleged bail-out but said in a statement that "the claim in today's Australian that the Liberal Party is 'either in debt or broke' is false".
The donation was mocked by senior opposition Labor politician Anthony Albanese, who told broadcaster Channel Nine: "I wish we had someone who had a lazy Aus$1 million sitting in the corner that could just plonk into the campaign".
Advertisement
Turnbull is reportedly worth Aus$200 million through his previous careers as a barrister, businessman and investment banker.
Advertisement
The funding, which is received after the polls, is usually insufficient to pay for campaigns, with parties having to approach donors -- individuals and companies -- to boost their kitty.
Advertisement
The Liberal Party's New South Wales branch had Aus$4.4 million withheld from its coffers earlier this year by the electoral commission over its failure to disclose the identity of major donors in 2011 state elections.
Advertisement
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
COMMENTS
Advertisement
Australian PM Says He, His Family Threatened By Teen Terrorist: Report "Can't Get Out Of Bed": Ex Australia PM Says He Was "On Meds" For Anxiety Lok Sabha Polls 2024: 'Modi For 2024' Campaign In Australia To Drum Up Support For PM, BJP Video: Woman Tries To Jump Off Mumbai's Atal Setu, Saved By Driver, Cops Parents Gave Names Of Interns, Doctors To CBI In Kolkata Horror: Sources Private Jets, Luxury Cars: Lavish Life Of "Ketamine Queen" Jasveen Sangha Pak-Origin Man, Involved In 26/11 Attack, Extraditable To India: US Court Homesick Student In Canada To US Vice President: Kamala Harris' Journey Bill Gates Calls India A "Global Leader In Breakthrough Innovations" Track Latest News Live on NDTV.com and get news updates from India and around the world.