Money flowing to the Liberal Party
$1,069,849,700 flowed to the Liberal Party (1998-99 to 2024-25) from 8,493 sources; $372,823,825 as donations, $433,726,914 public funding. Includes an estimated $6.7m from Wesfarmers Limited via related bodies. Sources merged and classified, with flows through associated entities.
External receipts
$1,069,849,700
1998-99 to 2024-25
Donations
$372,823,825
35% of receipts
Public funding
$433,726,914
8,493 sources in all
What you won't find in the AEC's own listing:
one name per source (spelling variants merged), every source labelled (donor, public funding, business income,
transfer), party branches added up without double counting, and the routes money takes through related
companies and trusts. Amounts through related bodies are estimates.
How this differs from the AEC data »
Key facts
- How much money has the Liberal Party received? Liberal Party (all AEC-grouped bodies) reported $1,069,849,700 in receipts between 1998-99 and 2024-25, from 8,493 sources. $372,823,825 (35%) was donations and $433,726,914 (41%) was public funding. A further $127,295,884 moved between the group's own bodies and is excluded to avoid double counting.
- Where does the money flowing to the Liberal Party come from? The largest non-government sources were Cormack Foundation Pty Ltd ($64,247,350); Vapold Pty Ltd ($27,790,108); Pratt Holdings ($9,954,400).
- Does money reach the Liberal Party through related companies or trusts? Routes through related bodies (estimated): Commonwealth Bank of Australia → Cormack Foundation Pty Ltd → Liberal Party (all AEC-grouped bodies) ($10,686,804); Wesfarmers Limited → Cormack Foundation Pty Ltd → Liberal Party (all AEC-grouped bodies) ($6,655,881); J B Were & Son → Cormack Foundation Pty Ltd → Liberal Party (all AEC-grouped bodies) ($6,187,529).
AEC party group: Liberal, 10 bodies. 1 of them (The Liberal Party of Western Australia Pty Ltd) is added by Political Gadgets because the AEC leaves its group blank. Combined receipts $1,197,145,584, of which $127,295,884 (11%) moved between these bodies and is excluded below to avoid double counting. Associated entities are not in the AEC group; they appear as sources.
Bodies in this group
| Body | All receipts |
|---|---|
| Liberal Party of Australia | $436,700,618 |
| Liberal Party of Australia, NSW Division | $235,903,527 |
| Liberal Party of Australia (Victorian Division) | $221,180,156 |
| Liberal National Party of Queensland | $150,968,886 |
| Liberal Party (W.A. Division) Inc | $63,861,380 |
| Liberal Party of Australia (S.A. Division) | $38,342,103 |
| Liberal Party of Australia - Queensland Division | $16,833,636 |
| Liberal Party of Australia - ACT Division | $12,444,954 |
| The Liberal Party of Western Australia Pty Ltd | $10,581,419 |
| Liberal Party of Australia - Tasmanian Division | $10,328,905 |
What the money is made of
| Public funding | $433,726,914 | 41% |
| Donors - organisations | $276,720,018 | 26% |
| Transfers from related bodies | $138,937,742 | 13% |
| Donors - individuals | $90,029,882 | 8% |
| Government & tax | $77,295,952 | 7% |
| Business & financial income | $47,065,267 | 4% |
| Donations from banks/business | $6,073,925 | 1% |
How the money flows
Left to right: original source, any associated body it passed through, then this recipient. Band width is the dollar amount; steps before the last are estimates. Public funding, bank and government income is grouped, and small sources are combined into "Other sources".
Who is behind the money
"Direct" is what the AEC return shows this body receiving from that source. "Via associated bodies" is an estimate of money that reached this body through another recipient (for example a company that received from the source, then passed money on).
| Origin | Type | Direct | Via associated bodies (est.) | Total | Main route |
|---|---|---|---|---|---|
| Australian Electoral Commission | Public funding | $216,124,606 | $184,131 | $216,308,737 | Australian Electoral Commission → Country Liberal Party (NT) → Liberal Party (all AEC-grouped bodies) |
| NSW Electoral Commission | Public funding | $90,356,427 | $96,170 | $90,452,597 | NSW Electoral Commission → National Party of Australia - N.S.W. → Liberal Party (all AEC-grouped bodies) |
| Cormack Foundation Pty Ltd | Transfers from related bodies | $64,247,350 | $35,321 | $64,282,671 | Cormack Foundation Pty Ltd → The Menzies Research Centre Limited → Liberal Party (all AEC-grouped bodies) |
| Australian Taxation Office | Government & tax | $54,765,959 | $558,779 | $55,324,738 | Australian Taxation Office → Parakeelia Pty Ltd → Liberal Party (all AEC-grouped bodies) |
| Electoral Commission of Queensland | Public funding | $51,994,890 | $22,661 | $52,017,551 | Electoral Commission of Queensland → National Party of Australia (Queensland) → Liberal Party (all AEC-grouped bodies) |
| Victorian Electoral Commission | Public funding | $46,087,060 | – | $46,087,060 | |
| Westpac Banking Corporation | Business & financial income | $24,849,572 | $3,734,457 | $28,584,029 | Westpac Banking Corporation → Bunori Pty Limited → Liberal Party (all AEC-grouped bodies) |
| Vapold Pty Ltd | Transfers from related bodies | $27,790,108 | $18,000 | $27,808,108 | Vapold Pty Ltd → The 500 Club (VIC) → Liberal Party (all AEC-grouped bodies) |
| National Australia Bank | Business & financial income | $15,009,180 | $6,957,816 | $21,966,996 | National Australia Bank → Cormack Foundation Pty Ltd → Liberal Party (all AEC-grouped bodies) |
| Department of Finance | Government & tax | $14,903,472 | $66,781 | $14,970,253 | Department of Finance → The Menzies Research Centre Limited → Liberal Party (all AEC-grouped bodies) |
| Commonwealth Bank of Australia | Business & financial income | $1,718,818 | $11,021,489 | $12,740,307 | Commonwealth Bank of Australia → Cormack Foundation Pty Ltd → Liberal Party (all AEC-grouped bodies) |
| Pratt Holdings | Donors - organisations | $9,954,400 | $187,800 | $10,142,200 | Pratt Holdings → The Free Enterprise Foundation → Liberal Party (all AEC-grouped bodies) |
| Western Australian Electoral Commission | Public funding | $9,236,943 | – | $9,236,943 | |
| The Free Enterprise Foundation | Transfers from related bodies | $8,958,562 | $66,237 | $9,024,799 | The Free Enterprise Foundation → Forward Brisbane Leadership → Liberal Party (all AEC-grouped bodies) |
| LGT Crestone Wealth Management Limited | Donors - organisations | $8,857,209 | – | $8,857,209 | |
| Wesfarmers Limited | Donors - organisations | $1,519,110 | $6,697,570 | $8,216,680 | Wesfarmers Limited → Cormack Foundation Pty Ltd → Liberal Party (all AEC-grouped bodies) |
| LNP Nominees | Donors - organisations | $6,488,385 | – | $6,488,385 | |
| J B Were & Son | Donors - organisations | $165,600 | $6,187,529 | $6,353,129 | J B Were & Son → Cormack Foundation Pty Ltd → Liberal Party (all AEC-grouped bodies) |
| Electoral Commission of South Australia | Public funding | $6,155,934 | – | $6,155,934 | |
| Pam Wall | Donors - individuals | $5,350,000 | – | $5,350,000 | |
| LNP Nominees as Trustee for the 6 St Pauls Terrace Trust | Donors - organisations | $5,196,173 | – | $5,196,173 | |
| SUGOLENA PTY LTD | Donors - organisations | $5,058,900 | – | $5,058,900 | |
| Goldman Sachs JB Were | Donors - individuals | $237,000 | $4,812,897 | $5,049,897 | Goldman Sachs JB Were → Cormack Foundation Pty Ltd → Liberal Party (all AEC-grouped bodies) |
| State Electoral Office | Public funding | $4,765,380 | – | $4,765,380 | |
| Bunori Pty Limited | Transfers from related bodies | $4,748,781 | – | $4,748,781 | |
| 281 Sandgate Road Properties Pty Ltd | Transfers from related bodies | $4,700,000 | – | $4,700,000 | |
| BHP Group Limited | Donors - organisations | $125,304 | $4,424,240 | $4,549,544 | BHP Group Limited → Cormack Foundation Pty Ltd → Liberal Party (all AEC-grouped bodies) |
| Australia and New Zealand Banking Group Ltd | Donations from banks/business | $2,514,751 | $1,887,085 | $4,401,836 | Australia and New Zealand Banking Group Ltd → Cormack Foundation Pty Ltd → Liberal Party (all AEC-grouped bodies) |
| Altum Pty Ltd | Donors - organisations | $4,393,871 | – | $4,393,871 | |
| Savills | Donors - organisations | – | $4,194,734 | $4,194,734 | Savills → Vapold Pty Ltd → Liberal Party (all AEC-grouped bodies) |
| Credit Suisse | Donors - individuals | – | $4,061,092 | $4,061,092 | Credit Suisse → Vapold Pty Ltd → Liberal Party (all AEC-grouped bodies) |
| ACT Electoral Commission | Public funding | $4,023,663 | – | $4,023,663 | |
| 6 St Paul's Terrace Trust (Associated Entity) | Donors - organisations | $3,783,325 | – | $3,783,325 | |
| Berndale Securities Limited | Donors - organisations | $20,000 | $3,660,762 | $3,680,762 | Berndale Securities Limited → Cormack Foundation Pty Ltd → Liberal Party (all AEC-grouped bodies) |
| The 500 Club Inc | Transfers from related bodies | $3,539,852 | – | $3,539,852 | |
| Village Roadshow Limited | Donors - organisations | $2,729,358 | $786,886 | $3,516,244 | Village Roadshow Limited → The Free Enterprise Foundation → Liberal Party (all AEC-grouped bodies) |
| Rio Tinto Limited | Donors - organisations | $2,500 | $3,464,918 | $3,467,418 | Rio Tinto Limited → Cormack Foundation Pty Ltd → Liberal Party (all AEC-grouped bodies) |
| Australian Agency for International Development | Donors - organisations | $3,041,672 | – | $3,041,672 | |
| LNP Nominees (Associated Entity) | Donors - organisations | $2,861,338 | – | $2,861,338 | |
| Finclear Services Pty Ltd | Donors - organisations | – | $2,833,246 | $2,833,246 | Finclear Services Pty Ltd → Cormack Foundation Pty Ltd → Liberal Party (all AEC-grouped bodies) |
Funding tree
Largest direct sources. Open an entry to see who funded it (estimated, same financial years).
- Australian Electoral Commission $216,124,606
- NSW Electoral Commission $90,356,427
Cormack Foundation Pty Ltd $64,247,350
- Commonwealth Bank of Australia $10,686,804 (est.)
- Wesfarmers Limited $6,655,881 (est.)
- J B Were & Son $6,187,529 (est.)
- National Australia Bank $6,097,709 (est.)
- Goldman Sachs JB Were $4,560,692 (est.)
- BHP Group Limited $4,351,028 (est.)
- Berndale Securities Limited $3,660,762 (est.)
- Rio Tinto Limited $3,455,846 (est.)
- Finclear Services Pty Ltd $2,833,246 (est.)
- Australia and New Zealand Banking Group Ltd $1,814,205 (est.)
- Westpac Banking Corporation $1,812,139 (est.)
- Pershing Securities $1,722,989 (est.)
- Australian Taxation Office $54,765,959
- Electoral Commission of Queensland $51,994,890
- Victorian Electoral Commission $46,087,060
Vapold Pty Ltd $27,790,108
- Savills $4,194,734 (est.)
- Credit Suisse $4,061,092 (est.)
- JB Were Limited $1,464,373 (est.)
- National Australia Bank $772,844 (est.)
- Rolex Australia Pty Ltd $710,098 (est.)
- Commonwealth Bank of Australia $263,008 (est.)
- Goldman Sachs JB Were $237,498 (est.)
- John H Mules Opals Pty Ltd $84,338 (est.)
- The 500 Club (VIC) $74,641 (est.)
- QBE Insurance $56,782 (est.)
- QBE Insurance Group Limited $38,674 (est.)
- Australian Taxation Office $36,862 (est.)
- Westpac Banking Corporation $24,849,572
- National Australia Bank $15,009,180
- Department of Finance $14,903,472
- Pratt Holdings $9,954,400
- Western Australian Electoral Commission $9,236,943
Where this body sends money
| Recipient | Relationship | Years | Total |
|---|---|---|---|
| Bunori Pty Limited | to its associated entity | 1998-99 to 2024-25 | $88,750,220 |
| Vapold Pty Ltd | to its associated entity | 2000-01 to 2024-25 | $11,579,643 |
| A.C.N. 009 936 010 Pty Ltd | to its associated entity | 2009-10 to 2023-24 | $6,991,198 |
| 281 Sandgate Road Properties Pty Ltd | to its associated entity | 2019-20 to 2024-25 | $6,118,020 |
| Parakeelia Pty Ltd | 1998-99 to 2024-25 | $5,981,632 | |
| A.C.N. 010 507 614 Pty Ltd | to its associated entity | 2008-09 to 2023-24 | $5,956,407 |
| Liberal Asset Management (Custodians) Limited | to its associated entity | 2009-10 to 2024-25 | $3,646,361 |
| The Greenfields Foundation | to its associated entity | 1999-00 to 2023-24 | $1,725,000 |
| National Party of Australia | 2005-06 to 2024-25 | $1,702,097 | |
| Liberal Club Limited | to its associated entity | 2008-09 to 2024-25 | $1,266,355 |
| Liberal Properties Limited | to its associated entity | 1998-99 to 2011-12 | $1,021,167 |
| Libco Pty Ltd | 1998-99 to 2005-06 | $805,815 | |
| The Menzies Research Centre Limited | to its associated entity | 1999-00 to 2023-24 | $753,266 |
| Gatenby Investment Fund | to its associated entity | 2012-13 to 2024-25 | $611,152 |
| LNPQ Services Pty Ltd | to its associated entity | 2022-23 to 2023-24 | $493,592 |
By financial year
| Year | Donations | Transfers | Public funding | Business & other | Total |
|---|---|---|---|---|---|
| 2024-25 | $44,258,457 | $12,222,716 | $50,910,820 | $7,625,540 | $115,017,533 |
| 2023-24 | $7,581,582 | $7,080,144 | $12,787,186 | $2,558,013 | $30,006,925 |
| 2022-23 | $5,867,651 | $8,138,593 | $47,804,773 | $11,858,368 | $73,669,385 |
| 2021-22 | $20,857,972 | $7,747,371 | $10,977,341 | $5,778,270 | $45,360,954 |
| 2020-21 | $15,212,799 | $2,563,889 | $15,472,614 | $4,585,693 | $37,834,995 |
| 2019-20 | $10,356,241 | $4,997,931 | $14,313,415 | $6,296,397 | $35,963,984 |
| 2018-19 | $18,989,956 | $8,516,690 | $51,158,818 | $11,899,938 | $90,565,402 |
| 2017-18 | $9,810,167 | $2,442,500 | $11,941,804 | $4,982,381 | $29,176,852 |
| 2016-17 | $10,387,664 | $2,325,133 | $35,689,234 | $7,439,163 | $55,841,194 |
| 2015-16 | $15,743,086 | $5,370,676 | $8,151,355 | $4,473,222 | $33,738,339 |
| 2014-15 | $13,155,498 | $5,921,569 | $14,924,901 | $12,720,819 | $46,722,787 |
| 2013-14 | $18,587,489 | $8,872,673 | $27,868,064 | $7,859,380 | $63,187,606 |
| 2012-13 | $11,433,864 | $6,781,889 | $11,946,951 | $1,415,727 | $31,578,431 |
| 2011-12 | $12,855,904 | $4,328,005 | $11,726,398 | $804,921 | $29,715,228 |
| 2010-11 | $18,944,911 | $7,707,456 | $25,777,906 | $9,195,773 | $61,626,046 |
| 2009-10 | $11,727,810 | $3,624,443 | $1,420,302 | $1,042,580 | $17,815,135 |
| 2008-09 | $8,317,586 | $3,810,495 | $2,293,696 | $1,515,736 | $15,937,513 |
| 2007-08 | $12,350,610 | $5,004,667 | $19,524,493 | $6,085,671 | $42,965,441 |
| 2006-07 | $9,056,002 | $3,658,755 | $4,040,073 | $2,944,883 | $19,699,713 |
| 2005-06 | $8,503,269 | $2,433,802 | $598,067 | $1,343,885 | $12,879,023 |
| 2004-05 | $19,141,453 | $3,996,167 | $20,510,151 | $3,648,253 | $47,296,024 |
| 2003-04 | $13,737,366 | $2,592,905 | $1,820,965 | $1,404,589 | $19,555,825 |
| 2002-03 | $12,584,735 | $2,831,975 | $5,073,440 | $1,869,976 | $22,360,126 |
| 2001-02 | $13,213,055 | $6,115,081 | $15,136,969 | $2,948,579 | $37,413,684 |
| 2000-01 | $9,233,853 | $1,943,493 | $860,727 | $862,035 | $12,900,108 |
| 1999-00 | $8,693,421 | $2,286,332 | $612,427 | $835,488 | $12,427,668 |
| 1998-99 | $12,221,424 | $5,622,392 | $10,384,024 | $365,939 | $28,593,779 |
About this data
Returns report yearly totals, not individual transactions, so amounts passing through related bodies are estimated by apportioning what an intermediary passed on across the sources that funded it that year. Names are merged only when the spelling clearly refers to the same body, so one entity can still appear under more than one name. Donors are organisations or individuals giving money; public funding is paid by electoral commissions; business and financial income is bank interest, payment processors and similar; transfers are money moved from a related party body, company or trust.
Source: Australian Electoral Commission, Transparency Register annual returns (Detailed Receipts, Associated Entity Returns, Party Returns). Not an official AEC publication. Updated 13 October 2026. See the About popup for what we add and for licensing.