Final 2010 Federal Election Payment To Political Parties And Candidates

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13th October 2010, 05:47pm - Views: 1474
Final 2010 Federal Election Payment to Political Parties and Candidates

The Australian Electoral Commission (AEC) has authorised the second and final payment to political parties and candidates for votes received at the 2010 federal election.

The final payment is $752,094, bringing the total to $53,163,385.

Payment is made in two stages, with the first stage based on the number of votes counted as at the 20th day after election day. This first stage payment was announced in an AEC media release of 20 September. The second payment is the remainder due once vote counting is finalised.

Payments are calculated using an indexed sum per first preference vote. At the 2010 federal election, each first preference vote was worth 231.191 cents.

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

At the 2007 federal election, a total of $49,002,639 was paid. The funding rate for the 2007 federal election was 210.027 cents per vote.

Following on page two is a breakdown of the election funding for the 2010 federal election.

Election results are available from the AEC's Virtual Tally Room.

Media contacts:
Mr Phil Diak
Director, Media and Public Awareness
02 6271 4415
0413 452 539

SOURCE: Australian Electoral Commission
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