The election funding payment is to increase to $2.52 per vote on January 1.
Election funding is provided to candidates who poll at least 4% of the primary vote in House of Representatives and Senate elections.
The Australian Electoral Commission announced the increase today. In a media statement it said:
“The amount of election funding payable is calculated by multiplying the number of formal first preference votes received by the rate of payment applicable at the time. This rate is indexed every six months in line with increases in the Consumer Price Index.
“The election funding rate from 1 January 2014 to 30 June 2014 is 252.781 cents per eligible vote.”
The table below shows the rates that have applied since public funding of elections was introduced by the Hawke government at the 1984 federal election:
|Historical rates of Election Funding
50.393 cents per Senate vote
45.611 cents per Senate vote
38.148 cents per Senate vote
30.6 cents per Senate vote