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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Honda and Nissan’s proposed merger on the rocks – report
The proposed Honda-Nissan merger is at risk of falling apart as the two Japanese carmakers struggle to agree on partnership terms, with Nissan reportedly planning to withdraw from talks due to disagreements over the proposed structure of the deal. Honda, with a market value of 7.92 trillion Yen, sees Nissan, valued at 1.44 trillion Yen and facing financial difficulties, as having less to offer in the partnership. While merger talks may potentially restart, Honda's request...
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