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Australia : 2013 federal election payment to political parties and candidates.

The AEC has authorised the first payment of election funding to political parties and candidates for votes received at the 2013 federal election.

The total of the first payment is $56 367 240.38. Payments have been made to 12 parties and nine independent candidates.

This first round of payments is based on the progressive vote count as at close of business on Friday 27 September 2013. The AEC has paid up to 99 per cent of the funding entitlements calculated at that date.

A second and final round of payments of all outstanding funding entitlements will be made once vote counting is finalised.

In order to be entitled to election funding a candidate must obtain at least four per cent of the formal first preference vote.

Funding entitlements are calculated using an indexed sum per first preference vote. At the 2013 federal election, each first preference vote was worth 248.800 cents.

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Publication:Mena Report
Date:Oct 10, 2013
Words:166
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