Money flowing to Vapold Pty Ltd
$68,627,103 flowed to Vapold Pty Ltd (1998-99 to 2024-25) from 44 sources; $54,345,514 as donations, $0 public funding. Includes an estimated $2.0m from Cormack Foundation Pty Ltd via related bodies. Sources merged and classified, with flows through associated entities.
Total receipts
$68,627,103
1998-99 to 2024-25
Donations
$54,345,514
79% of receipts
Public funding
$0
44 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 Vapold Pty Ltd received? Vapold Pty Ltd reported $68,627,103 in receipts between 1998-99 and 2024-25, from 44 sources. $54,345,514 (79%) was donations and $0 (0%) was public funding.
- Where does the money flowing to Vapold Pty Ltd come from? The largest non-government sources were Rolex Australia Pty Ltd ($36,882,045); Liberal Party of Australia (Victorian Division) ($11,579,643); Savills ($7,737,907).
- Does money reach Vapold Pty Ltd through related companies or trusts? Routes through related bodies (estimated): Victorian Electoral Commission → Liberal Party of Australia (Victorian Division) → Vapold Pty Ltd ($3,066,546); Cormack Foundation Pty Ltd → Liberal Party of Australia (Victorian Division) → Vapold Pty Ltd ($1,986,827); Australian Electoral Commission → Liberal Party of Australia (Victorian Division) → Vapold Pty Ltd ($825,667).
What the money is made of
| Donors - organisations | $47,619,267 | 69% |
| Transfers from related bodies | $12,260,579 | 18% |
| Donors - individuals | $6,726,247 | 10% |
| Business & financial income | $1,896,388 | 3% |
| Government & tax | $124,622 | 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 |
|---|---|---|---|---|---|
| Rolex Australia Pty Ltd | Donors - organisations | $36,882,045 | – | $36,882,045 | |
| Liberal Party of Australia (Victorian Division) | Transfers from related bodies | $11,579,643 | – | $11,579,643 | |
| Savills | Donors - organisations | $7,737,907 | – | $7,737,907 | |
| Credit Suisse | Donors - individuals | $5,781,553 | – | $5,781,553 | |
| Victorian Electoral Commission | Public funding | – | $3,066,546 | $3,066,546 | Victorian Electoral Commission → Liberal Party of Australia (Victorian Division) → Vapold Pty Ltd |
| Cormack Foundation Pty Ltd | Transfers from related bodies | – | $2,010,340 | $2,010,340 | Cormack Foundation Pty Ltd → Liberal Party of Australia (Victorian Division) → Vapold Pty Ltd |
| JB Were Limited | Donors - organisations | $1,881,964 | $30,006 | $1,911,970 | JB Were Limited → Cormack Foundation Pty Ltd → Liberal Party of Australia (Victorian Division) → Vapold Pty Ltd |
| National Australia Bank | Business & financial income | $1,082,570 | $303,051 | $1,385,621 | National Australia Bank → Liberal Party of Australia (Victorian Division) → Vapold Pty Ltd |
| Australian Electoral Commission | Public funding | – | $1,299,060 | $1,299,060 | Australian Electoral Commission → Liberal Party of Australia (Victorian Division) → Vapold Pty Ltd |
| Goldman Sachs JB Were | Donors - individuals | $649,384 | $206,641 | $856,025 | Goldman Sachs JB Were → Cormack Foundation Pty Ltd → Liberal Party of Australia (Victorian Division) → Vapold Pty Ltd |
| The 500 Club (VIC) | Transfers from related bodies | $680,936 | $143,794 | $824,730 | The 500 Club (VIC) → Liberal Party of Australia (Victorian Division) → Vapold Pty Ltd |
| J B Were & Son | Donors - organisations | – | $803,176 | $803,176 | J B Were & Son → Cormack Foundation Pty Ltd → Liberal Party of Australia (Victorian Division) → Vapold Pty Ltd |
| Liberal Party of Australia | Transfers from related bodies | – | $748,279 | $748,279 | Liberal Party of Australia → Liberal Party of Australia (Victorian Division) → Vapold Pty Ltd |
| Commonwealth Bank of Australia | Business & financial income | $534,864 | $184,295 | $719,159 | Commonwealth Bank of Australia → Cormack Foundation Pty Ltd → Liberal Party of Australia (Victorian Division) → Vapold Pty Ltd |
| John H Mules Opals Pty Ltd | Donors - organisations | $697,861 | – | $697,861 | |
| Australian Taxation Office | Government & tax | $61,062 | $524,228 | $585,290 | Australian Taxation Office → Liberal Party of Australia (Victorian Division) → Vapold Pty Ltd |
| Finclear Services Pty Ltd | Donors - organisations | – | $173,875 | $173,875 | Finclear Services Pty Ltd → Cormack Foundation Pty Ltd → Liberal Party of Australia (Victorian Division) → Vapold Pty Ltd |
| Muermann Phoenix | Donors - individuals | $130,977 | – | $130,977 | |
| QBE Insurance Group Limited | Business & financial income | $105,125 | – | $105,125 | |
| QBE Insurance | Business & financial income | $99,000 | – | $99,000 | |
| WL Phoenix Pty Ltd | Donors - organisations | $96,616 | – | $96,616 | |
| Wesfarmers Limited | Donors - organisations | – | $94,643 | $94,643 | Wesfarmers Limited → Cormack Foundation Pty Ltd → Liberal Party of Australia (Victorian Division) → Vapold Pty Ltd |
| Hanson PLC | Donors - individuals | $89,976 | – | $89,976 | |
| BHP Group Limited | Donors - organisations | – | $87,396 | $87,396 | BHP Group Limited → Cormack Foundation Pty Ltd → Liberal Party of Australia (Victorian Division) → Vapold Pty Ltd |
| Rio Tinto Limited | Donors - organisations | $7,880 | $79,358 | $87,238 | Rio Tinto Limited → Cormack Foundation Pty Ltd → Liberal Party of Australia (Victorian Division) → Vapold Pty Ltd |
| Potter Warburg Securities | Donors - individuals | $67,107 | – | $67,107 | |
| State Revenue Office | Government & tax | $55,160 | $10,653 | $65,813 | State Revenue Office → Liberal Party of Australia (Victorian Division) → Vapold Pty Ltd |
| Woodside Petroleum Limited | Donors - organisations | $47,965 | – | $47,965 | |
| Westfield Trust | Donors - organisations | $44,580 | – | $44,580 | |
| QBE Management Services | Donors - organisations | $43,074 | – | $43,074 | |
| CGU Insurance | Business & financial income | $36,578 | – | $36,578 | |
| Kooyong 200 Club | Transfers from related bodies | – | $35,482 | $35,482 | Kooyong 200 Club → Liberal Party of Australia (Victorian Division) → Vapold Pty Ltd |
| SMS Consulting Group Ltd | Donors - organisations | – | $34,240 | $34,240 | SMS Consulting Group Ltd → The 500 Club (VIC) → Vapold Pty Ltd |
| Estate Peter Forbes MacLaren | Donors - individuals | – | $33,191 | $33,191 | Estate Peter Forbes MacLaren → Liberal Party of Australia (Victorian Division) → Vapold Pty Ltd |
| Higgins 200 Club | Transfers from related bodies | – | $32,296 | $32,296 | Higgins 200 Club → Liberal Party of Australia (Victorian Division) → Vapold Pty Ltd |
| Australia and New Zealand Banking Group Ltd | Business & financial income | $32,051 | – | $32,051 | |
| Australia Post | Donors - organisations | – | $31,121 | $31,121 | Australia Post → Liberal Party of Australia (Victorian Division) → Vapold Pty Ltd |
| Transurban Holdings Limited | Donors - organisations | – | $28,969 | $28,969 | Transurban Holdings Limited → Cormack Foundation Pty Ltd → Liberal Party of Australia (Victorian Division) → Vapold Pty Ltd |
| BMW Australia Ltd | Donors - organisations | – | $27,203 | $27,203 | BMW Australia Ltd → The 500 Club (VIC) → Vapold Pty Ltd |
| Department of Finance | Government & tax | – | $25,552 | $25,552 | Department of Finance → Liberal Party of Australia → Liberal Party of Australia (Victorian Division) → Vapold Pty Ltd |
Funding tree
Largest direct sources. Open an entry to see who funded it (estimated, same financial years).
- Rolex Australia Pty Ltd $36,882,045
Liberal Party of Australia (Victorian Division) $11,579,643
- Victorian Electoral Commission $3,066,546 (est.)
- Cormack Foundation Pty Ltd $1,986,827 (est.)
- Australian Electoral Commission $825,667 (est.)
- Liberal Party of Australia $748,279 (est.)
- Australian Taxation Office $474,214 (est.)
- National Australia Bank $220,148 (est.)
- The 500 Club (VIC) $143,794 (est.)
- Kooyong 200 Club $35,482 (est.)
- Estate Peter Forbes MacLaren $33,191 (est.)
- Higgins 200 Club $32,296 (est.)
- Australia Post $31,121 (est.)
- Leeds Media and Communication $25,246 (est.)
- Savills $7,737,907
- Credit Suisse $5,781,553
- JB Were Limited $1,881,964
- National Australia Bank $1,082,570
- John H Mules Opals Pty Ltd $697,861
The 500 Club (VIC) $680,936
- SMS Consulting Group Ltd $25,182 (est.)
- BMW Australia Ltd $21,874 (est.)
- Emirates Airline $12,000 (est.)
- KPMG (VIC) $10,598 (est.)
- Lloyd Roberts $9,770 (est.)
- Skilled Engineering Ltd $8,800 (est.)
- Philip Morris Limited $8,800 (est.)
- Grundig Dictation Machines $7,750 (est.)
- Leading Hotels of the World $7,400 (est.)
- Philip Morris Corporate Services Inc $5,374 (est.)
- MMB Management Services Pty Ltd $5,000 (est.)
- Consolidated Properties $5,000 (est.)
- Goldman Sachs JB Were $649,384
- Commonwealth Bank of Australia $534,864
- Muermann Phoenix $130,977
- QBE Insurance Group Limited $105,125
Where this body sends money
| Recipient | Relationship | Years | Total |
|---|---|---|---|
| Liberal Party of Australia (Victorian Division) | to its party | 1999-00 to 2024-25 | $27,790,108 |
| The 500 Club (VIC) | to a sibling entity | 1999-00 to 2004-05 | $18,000 |
By financial year
| Year | Donations | Transfers | Public funding | Business & other | Total |
|---|---|---|---|---|---|
| 2024-25 | $3,100,000 | $1,119,079 | $0 | $0 | $4,219,079 |
| 2023-24 | $0 | $2,662,192 | $0 | $0 | $2,662,192 |
| 2022-23 | $1,681,553 | $2,287,250 | $0 | $55,314 | $4,024,117 |
| 2021-22 | $1,000,000 | $305,100 | $0 | $0 | $1,305,100 |
| 2020-21 | $0 | $1,174,450 | $0 | $0 | $1,174,450 |
| 2019-20 | $0 | $25,000 | $0 | $556,658 | $581,658 |
| 2018-19 | $37,603,716 | $0 | $0 | $52,322 | $37,656,038 |
| 2017-18 | $2,839,029 | $120,000 | $0 | $41,837 | $3,000,866 |
| 2016-17 | $512,862 | $0 | $0 | $79,171 | $592,033 |
| 2015-16 | $478,778 | $150,000 | $0 | $72,308 | $701,086 |
| 2014-15 | $657,638 | $0 | $0 | $74,324 | $731,962 |
| 2013-14 | $629,226 | $0 | $0 | $89,028 | $718,254 |
| 2012-13 | $604,459 | $0 | $0 | $65,667 | $670,126 |
| 2011-12 | $501,762 | $0 | $0 | $71,046 | $572,808 |
| 2010-11 | $521,026 | $0 | $0 | $62,201 | $583,227 |
| 2009-10 | $464,728 | $0 | $0 | $54,791 | $519,519 |
| 2008-09 | $405,144 | $0 | $0 | $85,512 | $490,656 |
| 2007-08 | $375,000 | $150,000 | $0 | $79,676 | $604,676 |
| 2006-07 | $300,500 | $0 | $0 | $62,468 | $362,968 |
| 2005-06 | $362,434 | $112,529 | $0 | $51,460 | $526,423 |
| 2004-05 | $323,247 | $177,650 | $0 | $75,060 | $575,957 |
| 2003-04 | $751,216 | $419,893 | $0 | $89,391 | $1,260,500 |
| 2002-03 | $241,575 | $1,214,938 | $0 | $69,357 | $1,525,870 |
| 2001-02 | $217,369 | $2,086,108 | $0 | $54,896 | $2,358,373 |
| 2000-01 | $211,568 | $140,048 | $0 | $55,217 | $406,833 |
| 1999-00 | $367,199 | $59,870 | $0 | $69,180 | $496,249 |
| 1998-99 | $195,485 | $56,472 | $0 | $54,126 | $306,083 |
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 7 November 2026. See the About popup for what we add and for licensing.