Money flowing to the Liberal Party of Australia (Victorian Division)
$221,180,156 flowed to the Liberal Party of Australia (Victorian Division) (1998-99 to 2024-25) from 1,362 sources; $38,754,611 as donations, $52,282,482 public funding. Includes an estimated $6.2m from J B Were & Son via related bodies. Sources merged and classified, with flows through associated entities.
AEC party group: Liberal Party (all AEC-grouped bodies)
Total receipts
$221,180,156
1998-99 to 2024-25
Donations
$38,754,611
18% of receipts
Public funding
$52,282,482
1,362 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 of Australia (Victorian Division) received? Liberal Party of Australia (Victorian Division) reported $221,180,156 in receipts between 1998-99 and 2024-25, from 1,362 sources. $38,754,611 (18%) was donations and $52,282,482 (24%) was public funding.
- Where does the money flowing to the Liberal Party of Australia (Victorian Division) come from? The largest non-government sources were Cormack Foundation Pty Ltd ($51,387,350); Vapold Pty Ltd ($27,790,108); Liberal Party of Australia ($20,196,279).
- Does money reach the Liberal Party of Australia (Victorian Division) through related companies or trusts? Routes through related bodies (estimated): Australian Electoral Commission → Liberal Party of Australia → Liberal Party of Australia (Victorian Division) ($12,448,139); Commonwealth Bank of Australia → Cormack Foundation Pty Ltd → Liberal Party of Australia (Victorian Division) ($7,794,455); J B Were & Son → Cormack Foundation Pty Ltd → Liberal Party of Australia (Victorian Division) ($6,187,529).
What the money is made of
| Transfers from related bodies | $111,017,649 | 50% |
| Public funding | $52,282,482 | 24% |
| Donors - organisations | $26,196,665 | 12% |
| Donors - individuals | $12,123,451 | 5% |
| Business & financial income | $10,073,288 | 5% |
| Government & tax | $9,052,126 | 4% |
| Donations from banks/business | $434,495 | 0% |
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 |
|---|---|---|---|---|---|
| Cormack Foundation Pty Ltd | Transfers from related bodies | $51,387,350 | $621,486 | $52,008,836 | Cormack Foundation Pty Ltd → Liberal Party of Australia → Liberal Party of Australia (Victorian Division) |
| Victorian Electoral Commission | Public funding | $46,087,060 | – | $46,087,060 | |
| Vapold Pty Ltd | Transfers from related bodies | $27,790,108 | $18,000 | $27,808,108 | Vapold Pty Ltd → The 500 Club (VIC) → Liberal Party of Australia (Victorian Division) |
| Liberal Party of Australia | Transfers from related bodies | $20,196,279 | $180,871 | $20,377,150 | Liberal Party of Australia → Cormack Foundation Pty Ltd → Liberal Party of Australia (Victorian Division) |
| Australian Electoral Commission | Public funding | $6,195,422 | $12,556,500 | $18,751,922 | Australian Electoral Commission → Liberal Party of Australia → Liberal Party of Australia (Victorian Division) |
| National Australia Bank | Business & financial income | $8,866,321 | $5,701,933 | $14,568,254 | National Australia Bank → Cormack Foundation Pty Ltd → Liberal Party of Australia (Victorian Division) |
| Australian Taxation Office | Government & tax | $8,611,755 | $1,444,518 | $10,056,273 | Australian Taxation Office → Liberal Party of Australia → Liberal Party of Australia (Victorian Division) |
| Commonwealth Bank of Australia | Business & financial income | $12,260 | $8,250,009 | $8,262,269 | Commonwealth Bank of Australia → Cormack Foundation Pty Ltd → Liberal Party of Australia (Victorian Division) |
| J B Were & Son | Donors - organisations | – | $6,187,529 | $6,187,529 | J B Were & Son → Cormack Foundation Pty Ltd → Liberal Party of Australia (Victorian Division) |
| Wesfarmers Limited | Donors - organisations | – | $4,847,359 | $4,847,359 | Wesfarmers Limited → Cormack Foundation Pty Ltd → Liberal Party of Australia (Victorian Division) |
| Goldman Sachs JB Were | Donors - individuals | $11,000 | $4,711,224 | $4,722,224 | Goldman Sachs JB Were → Cormack Foundation Pty Ltd → Liberal Party of Australia (Victorian Division) |
| Savills | Donors - organisations | – | $4,194,734 | $4,194,734 | Savills → Vapold Pty Ltd → Liberal Party of Australia (Victorian Division) |
| Credit Suisse | Donors - individuals | – | $4,061,092 | $4,061,092 | Credit Suisse → Vapold Pty Ltd → Liberal Party of Australia (Victorian Division) |
| Berndale Securities Limited | Donors - organisations | – | $3,660,762 | $3,660,762 | Berndale Securities Limited → Cormack Foundation Pty Ltd → Liberal Party of Australia (Victorian Division) |
| Finclear Services Pty Ltd | Donors - organisations | – | $2,833,246 | $2,833,246 | Finclear Services Pty Ltd → Cormack Foundation Pty Ltd → Liberal Party of Australia (Victorian Division) |
| The 500 Club (VIC) | Transfers from related bodies | $2,580,310 | $74,641 | $2,654,951 | The 500 Club (VIC) → Vapold Pty Ltd → Liberal Party of Australia (Victorian Division) |
| BHP Group Limited | Donors - organisations | $36,900 | $2,476,224 | $2,513,124 | BHP Group Limited → Cormack Foundation Pty Ltd → Liberal Party of Australia (Victorian Division) |
| Rio Tinto Limited | Donors - organisations | – | $2,072,728 | $2,072,728 | Rio Tinto Limited → Cormack Foundation Pty Ltd → Liberal Party of Australia (Victorian Division) |
| The 500 Club Inc | Transfers from related bodies | $1,814,852 | – | $1,814,852 | |
| Pershing Securities | Donors - individuals | – | $1,683,420 | $1,683,420 | Pershing Securities → Cormack Foundation Pty Ltd → Liberal Party of Australia (Victorian Division) |
| JB Were Limited | Donors - organisations | – | $1,584,593 | $1,584,593 | JB Were Limited → Vapold Pty Ltd → Liberal Party of Australia (Victorian Division) |
| Westpac Banking Corporation | Business & financial income | $153,500 | $1,411,930 | $1,565,430 | Westpac Banking Corporation → Cormack Foundation Pty Ltd → Liberal Party of Australia (Victorian Division) |
| Australia and New Zealand Banking Group Ltd | Donations from banks/business | $25,000 | $1,421,307 | $1,446,307 | Australia and New Zealand Banking Group Ltd → Cormack Foundation Pty Ltd → Liberal Party of Australia (Victorian Division) |
| Kooyong 200 Club | Transfers from related bodies | $1,164,959 | – | $1,164,959 | |
| Pratt Holdings | Donors - organisations | $808,000 | $211,318 | $1,019,318 | Pratt Holdings → Liberal Party of Australia → Liberal Party of Australia (Victorian Division) |
| Higgins 200 Club | Transfers from related bodies | $998,000 | – | $998,000 | |
| Gandel Group Pty Ltd | Donors - organisations | $932,800 | $33,617 | $966,417 | Gandel Group Pty Ltd → Liberal Party of Australia → Liberal Party of Australia (Victorian Division) |
| Bayside Forum | Transfers from related bodies | $947,700 | – | $947,700 | |
| Village Roadshow Limited | Donors - organisations | $848,941 | $95,199 | $944,140 | Village Roadshow Limited → The Free Enterprise Foundation → Liberal Party of Australia (Victorian Division) |
| Telstra Corporation Limited | Donors - organisations | $6,495 | $831,615 | $838,110 | Telstra Corporation Limited → Cormack Foundation Pty Ltd → Liberal Party of Australia (Victorian Division) |
| Liberal Party of Australia, NSW Division | Transfers from related bodies | $588,737 | $220,135 | $808,872 | Liberal Party of Australia, NSW Division → Liberal Party of Australia → Liberal Party of Australia (Victorian Division) |
| Transurban Holdings Limited | Donors - organisations | – | $763,698 | $763,698 | Transurban Holdings Limited → Cormack Foundation Pty Ltd → Liberal Party of Australia (Victorian Division) |
| Fosters Group Limited | Donors - organisations | $15,000 | $705,922 | $720,922 | Fosters Group Limited → Cormack Foundation Pty Ltd → Liberal Party of Australia (Victorian Division) |
| Rolex Australia Pty Ltd | Donors - organisations | – | $710,098 | $710,098 | Rolex Australia Pty Ltd → Vapold Pty Ltd → Liberal Party of Australia (Victorian Division) |
| Pershing Securities Australia Limited | Donors - organisations | – | $589,783 | $589,783 | Pershing Securities Australia Limited → Cormack Foundation Pty Ltd → Liberal Party of Australia (Victorian Division) |
| Australian Hotels Association | Donors - organisations | $569,500 | – | $569,500 | |
| Woolworths Ltd | Donors - organisations | $25,000 | $512,322 | $537,322 | Woolworths Ltd → Cormack Foundation Pty Ltd → Liberal Party of Australia (Victorian Division) |
| Damien Mantach | Donors - individuals | $535,086 | – | $535,086 | |
| Menzies 200 Club | Transfers from related bodies | $523,946 | – | $523,946 | |
| Higgins 200 Foundation | Transfers from related bodies | $495,000 | – | $495,000 |
Funding tree
Largest direct sources. Open an entry to see who funded it (estimated, same financial years).
Cormack Foundation Pty Ltd $51,387,350
- Commonwealth Bank of Australia $7,794,455 (est.)
- J B Were & Son $6,187,529 (est.)
- Wesfarmers Limited $4,709,849 (est.)
- National Australia Bank $4,704,333 (est.)
- Goldman Sachs JB Were $4,460,692 (est.)
- Berndale Securities Limited $3,660,762 (est.)
- Finclear Services Pty Ltd $2,833,246 (est.)
- BHP Group Limited $2,394,904 (est.)
- Rio Tinto Limited $2,014,390 (est.)
- Pershing Securities $1,683,420 (est.)
- Australia and New Zealand Banking Group Ltd $1,389,269 (est.)
- Westpac Banking Corporation $1,315,803 (est.)
- 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.)
Liberal Party of Australia $20,196,279
- Australian Electoral Commission $12,448,139 (est.)
- Australian Taxation Office $1,262,000 (est.)
- Cormack Foundation Pty Ltd $621,486 (est.)
- Department of Finance $424,276 (est.)
- SUGOLENA PTY LTD $266,906 (est.)
- Liberal Party (W.A. Division) Inc $212,349 (est.)
- Pratt Holdings $205,033 (est.)
- Liberal Party of Australia, NSW Division $195,135 (est.)
- National Australia Bank $144,317 (est.)
- The Free Enterprise Foundation $141,358 (est.)
- The Hon Malcolm Turnbull MP $125,417 (est.)
- ORYXIUM INVESTMENTS LIMITED $101,894 (est.)
- National Australia Bank $8,866,321
- Australian Taxation Office $8,611,755
- Australian Electoral Commission $6,195,422
The 500 Club (VIC) $2,580,310
- BMW Australia Ltd $54,000 (est.)
- SMS Consulting Group Ltd $47,550 (est.)
- KPMG (VIC) $38,300 (est.)
- Skilled Engineering Ltd $31,900 (est.)
- Philip Morris Corporate Services Inc $20,500 (est.)
- Lloyd Roberts $20,000 (est.)
- Vapold Pty Ltd $18,000 (est.)
- George Fendyk $13,500 (est.)
- Mr Allan Blood $13,500 (est.)
- Mr Ken Taylor $13,000 (est.)
- Mr John Connellan $12,500 (est.)
- Emirates Airline $12,000 (est.)
The 500 Club Inc $1,814,852
- Terrace Properties & Investments Pty Ltd $117,423 (est.)
- PKF $13,300 (est.)
Kooyong 200 Club $1,164,959
- Minglecliff Pty Ltd $55,000 (est.)
- Australian Taxation Office $38,300 (est.)
- Arnold Bloch Leibler $20,000 (est.)
- Doncaster Motors $7,000 (est.)
Higgins 200 Club $998,000
- Bensons Property Group $181,194 (est.)
- Australian Taxation Office $64,995 (est.)
- Seafarm Pty Ltd $44,187 (est.)
- Ernst and Young (VIC) $27,256 (est.)
- DPA Document Printing $26,810 (est.)
- Liberal Party of Australia, NSW Division $25,000 (est.)
- Village Roadshow Limited $22,156 (est.)
- Real Wealth Property $16,500 (est.)
- National Australia Bank $14,100 (est.)
- Australian Unity $12,723 (est.)
- Mrs Carol Schwartz $6,671 (est.)
- The Becton Corporation $6,671 (est.)
Bayside Forum $947,700
- Pacific Trends International Pty Ltd $20,000 (est.)
- Wallace Cameron $20,000 (est.)
- Mr Peter Gillon $11,000 (est.)
- Mr Bruce Newey $11,000 (est.)
- M/- D McKenzie $11,000 (est.)
- Mr Tim Wildash $11,000 (est.)
Where this body sends money
| Recipient | Relationship | Years | Total |
|---|---|---|---|
| Liberal Party of Australia | 1998-99 to 2024-25 | $11,656,176 | |
| Vapold Pty Ltd | to its associated entity | 2000-01 to 2024-25 | $11,579,643 |
| National Party of Australia - Victoria | 2022-23 to 2024-25 | $448,663 | |
| Parakeelia Pty Ltd | 2001-02 to 2024-25 | $333,500 | |
| Liberal National Party of Queensland | 2021-22 | $215,000 | |
| Liberal Party (W.A. Division) Inc | 2015-16 to 2021-22 | $180,000 | |
| Liberal Party of Australia, NSW Division | 2013-14 to 2021-22 | $175,000 | |
| Liberal Party of Australia (S.A. Division) | 2006-07 to 2018-19 | $97,200 | |
| The Pinnacle Club | to its associated entity | 2019-20 to 2022-23 | $66,188 |
| Liberal Party of Australia - Tasmanian Division | 2021-22 | $50,000 | |
| The 500 Club (VIC) | to its associated entity | 2010-11 | $50,000 |
| Higgins 200 Club | to its associated entity | 2004-05 to 2021-22 | $38,000 |
| Country Liberal Party (NT) | 2021-22 | $25,000 | |
| Casey Business Briefing Club | to its associated entity | 2003-04 | $20,719 |
| Enterprise Club | to its associated entity | 2018-19 | $17,909 |
By financial year
| Year | Donations | Transfers | Public funding | Business & other | Total |
|---|---|---|---|---|---|
| 2024-25 | $1,910,500 | $11,617,684 | $3,852,158 | $874,761 | $18,255,103 |
| 2023-24 | $412,161 | $6,080,394 | $4,154,319 | $306,476 | $10,953,350 |
| 2022-23 | $689,005 | $7,759,138 | $6,432,254 | $2,406,354 | $17,286,751 |
| 2021-22 | $3,806,732 | $3,651,371 | $3,306,650 | $275,347 | $11,040,100 |
| 2020-21 | $706,547 | $2,490,713 | $3,311,300 | $410,327 | $6,918,887 |
| 2019-20 | $1,087,512 | $4,392,493 | $3,332,167 | $650,754 | $9,462,926 |
| 2018-19 | $3,557,040 | $7,440,008 | $9,093,923 | $3,800,859 | $23,891,830 |
| 2017-18 | $1,450,600 | $2,355,000 | $0 | $1,912,309 | $5,717,909 |
| 2016-17 | $880,295 | $3,815,861 | $49,000 | $1,070,289 | $5,815,445 |
| 2015-16 | $2,077,752 | $3,951,350 | $55,518 | $90,979 | $6,175,599 |
| 2014-15 | $2,384,906 | $5,157,144 | $3,796,050 | $1,316,505 | $12,654,605 |
| 2013-14 | $1,992,869 | $7,645,030 | $53,975 | $775,774 | $10,467,648 |
| 2012-13 | $1,217,267 | $4,228,319 | $0 | $197,132 | $5,642,718 |
| 2011-12 | $856,101 | $2,609,693 | $0 | $152,947 | $3,618,741 |
| 2010-11 | $1,095,518 | $6,656,176 | $3,596,364 | $1,224,419 | $12,572,477 |
| 2009-10 | $355,500 | $2,605,663 | $20,021 | $181,545 | $3,162,729 |
| 2008-09 | $164,000 | $3,046,331 | $36,916 | $291,163 | $3,538,410 |
| 2007-08 | $883,757 | $5,797,023 | $20,500 | $279,081 | $6,980,361 |
| 2006-07 | $957,543 | $2,958,972 | $2,727,923 | $649,198 | $7,293,636 |
| 2005-06 | $517,700 | $1,562,380 | $0 | $233,744 | $2,313,824 |
| 2004-05 | $1,158,575 | $2,829,832 | $2,044,981 | $196,290 | $6,229,678 |
| 2003-04 | $1,383,799 | $1,623,143 | $0 | $118,932 | $3,125,874 |
| 2002-03 | $2,411,550 | $2,394,208 | $2,555,163 | $858,589 | $8,219,510 |
| 2001-02 | $1,573,974 | $3,675,478 | $3,799,550 | $205,306 | $9,254,308 |
| 2000-01 | $1,047,310 | $1,386,810 | $0 | $297,906 | $2,732,026 |
| 1999-00 | $2,834,943 | $1,695,935 | $43,750 | $281,382 | $4,856,010 |
| 1998-99 | $1,341,155 | $1,591,500 | $0 | $67,046 | $2,999,701 |
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.