Financial services companies donate to big parties
Financial services companies and fund managers in particular have emerged as some of the biggest donors to Australia’s major political parties in the run-up to the last federal election, according to data released this week by the Australian Electoral Commission.
And among the financial services donors to the major parties are companies now facing their share of problems, including Babcock & Brown.
Where the Australian Labor Party was concerned, the major donors in the period were Goldman Sachs JB Were, Citigroup Global Markets, Deutsche Bank, FKP, ABN AMRO, KPMG and ANZ. Where the Liberal Party was concerned, the major financial services donors were Goldman Sachs JB Were, Babcock & Brown, UBS AG, ANZ and FKP.
While financial services companies emerged as significant donors to the major political parties, their contribution was substantially outweighed by that of property related companies.
AUTHOR
Mike Taylor
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