This week we look certain to see National repeal most of the Electoral Finance Act under urgency. While Simon Power is publicly stating they’re going to keep the disclosure rules, which sounds good but â€¦ as National well knows the disclosure rules have loopholes.
Like the old rules they allow organisations and individuals to wash large donations by cutting them into smaller donations which fit below the “anonymous” donations threshold. This is the same practice that was enabled by a similar loophole under the old electoral finance rules.
If National was committed to transparency it would be closing that loophole now, and publicly shaming any party that refused to support the action. In reality, of course, National is committed to the appearance of clean hands while maintaining funding routes for its large donors.