I just spend 2 hours crafting a great post of the changes to the Election Funding, Expenditure and Disclosure Act. The post did a very thorough job of walking you through the present act, the operation of the legislation and the mechanics behind it.
Blogger has seen fit delete almost the entire post, for reasons passing understanding.
So, as a woefully inadequate substitue: here are a few links.
The Act at present
A article on the changes
A post I wrote on the issue previously
These changes are good. An expenditure cap is a good idea. Parties should have their spending limited so they need to beg for money (and make associated promises) less.
Individuals should be able to donate and companies should have a voice - but bodies affiliated with parties should have their spending included in the total expenditure so that the expenditure caps actually have a real effect.
If we're going to ban developers and the tobacco and gambling industry from donating, in fairness we should ban all donations from non-individuals.
The new act, we have been promised by O'Farrell will do all the above. It deserves support.
It will be interesting to see if it gets it from Labor and the Greens.
That's all I have time to recount. I'm going to go somewhere and be angry at Blogger.