A raft of reforms reached state parliament on Tuesday, including the estimated cost to Victorians over four years.
Donations from individuals and organisations to political parties will be capped at $4000 over the same period and foreign donations are banned completely.
"Public funding will be increased to be able to make up for the shortfall, in relation to what will be the donation loss," Special Minister of State Gavin Jennings told reporters.
"We are confident that will change, once and for all, the nature of concern in our community about the potential for political influence and contamination of the decisions of government."
Parties currently get $1.79 per vote after an election, but under the proposed system will get $6 for each Legislative Assembly vote and $3 for every Legislative Council vote.
Parties will also get $40,000 per MP each year for administrative costs to help manage the complicated accounting that will go with the changes.
For example, the rules around fundraising events and what portion of ticket and table prices is classified as a donation also depends on costs such as the venue, entertainment and meals, and will progressively go towards the $4000 cap.
The changes mean about $45 million over four years will be needed to fund the new system.
Source : http://www.news.com.au/national/breaking-news/more-vic-cash-to-go-to-political-campaigns/news-story/605f36ae0dbffd4fe79a652da7eb42d9Thanks you for read my article Victorian Taxpayers To Spend Millions On Political Election Campaigns Under New Legislation