Political candidates may soon face caps on donations and campaign spending, with donors limited to $20,000 per year and candidates restricted to $800,000 per electorate under proposed legislation. The reforms, set to take effect from July 1, 2025, aim to increase transparency in donations and reduce the influence of big money in politics, with a $11 million spending cap for non-running organizations and a $90 million cap for registered parties. While some independents criticize the legislation for favoring major parties, others acknowledge the need to prevent wealthy individuals from buying elections, like billionaire Clive Palmer’s significant spending in past campaigns.
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