According to a media release yesterday the Australian Electoral Commission (AEC) has authorised the first payment to political parties and candidates for votes received at the 2007 federal election.
The total of the first payment is $46,536,277.23. Payments have been made to seven parties and 15 independent candidates.
Payment is made in two stages. The first stage is 95 per cent of the amount due based on the number of votes counted as at the 20th day after election day. The second is the remainder due once vote counting is finalised.
Payments are calculated using an indexed sum per first preference vote. At the 2007 federal election, each first preference vote was worth 210.027 cents.
In order to obtain election funding a candidate must obtain at least 4% of the first preference vote.
At the 2004 federal election, the AEC paid out $41,926,158.91 in total to ten Parties and 15 independent candidates. The funding rate for the 2004 federal election was 194.397 cents per vote.
Below is a breakdown of the first payment of election funding for the 2007 federal election
AMOUNT AS AT THE END OF COUNTING ON 14 DECEMBER 2007
Name Amount ($)
Australian Labor Party 20,922,325.51
Liberal Party of Australia 17,222,359.78
Australian Greens 4,148,615.11
National Party of Australia 3,076,663.58
Pauline's United Australia Party 202,440.72
Northern Territory Country Liberal Party 160 719.91
Family First Party 133 965.51
Nick Xenophon (Senate, South Australia) 296,627.70
Tony Windsor (New England) 105,217.86
Bob Katter (Kennedy) 64,919.66
Gavin Priestley (Calare) 37,979.71
Tim Horan (Parkes) 34,114.90
Caroline Hutchinson (Fisher) 21,141.74
Gavan O'Connor (Corio) 21,010.05
Noel Brunning (Forrest) 19,800.93
Aaron Buman (Newcastle) 12,655.91
Ben Quin (Lyons) 12,155.10
Cate Molloy (Wide Bay) 11,125.55
Ray McGhee (Boothby) 8 759.18
Rob Bryant (Murray) 8,727.25
Tim Williams (Macquarie) 8,270.34
Jamie Harrison (Lyne) 6,636.23