G70 raises concern over political funding

Source: The Star Online

PETALING JAYA: The G70 Coalition has commended some of the proposals outlined by the National Consultative Committee on Political Financing, but has identified three areas of concern.

Among the contentions of the coalition – led by G25, the group of influential Malays rich with experience in various fields – is the proposal to not have limits on donations to and expenditure by parties.

“While we acknowledge that individuals and companies have the right to support political parties, this right cannot be to the detriment of the fundamental principle of creating a level playing field during elections,” they said in a statement yesterday. Read more

Ban foreign donors, political funding panel says

Source: The Malay Mail Online

The bi-partisan panel on political funding says cash donations from foreign sources to a political party or politician should be banned. — AFP pic

The bi-partisan panel on political funding says cash donations from foreign sources to a political party or politician should be banned. — AFP pic

KUALA LUMPUR, Sept 30 ― The bi-partisan panel on political funding wants all forms of foreign donations banned under a proposed law to regulate political financing.

The proposal was part of the 32 recommendations in a report prepared and released by the National Consultative Committee on Political Financing today.

“Cash donations from foreign sources to a political party or politician should be banned.

“This includes donations from individuals, companies, foundations, organisations, associations or any registered or non-registered entities that are not domiciled in Malaysia,” the panel said in its report. Read more

Panel proposes RM3,000 ceiling before political donors must be named

Source: The Malay Mail Online

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The National Consultative Committee on Political Financing proposes 32 recommendations on political funding reforms. — AFP pic

KUALA LUMPUR, Sept 30 — The special panel on political funding has proposed a new law on the matter to curb abuses, but suggested that this may not be in place before the general election after the next.

Among the proposals listed in the Political Donations and Expenditure Act (PDEA) is the formation of an independent oversight body with the power, to among others, confiscate money from unknown sources.

The body, to be overseen by a Parliamentary Standing Committee on Political Financing, will be called the Controller of Political Donations and Expenditure (Controller).

“We need to regulate political financing. Not to say that there is no need for money … there is a need to manage it to reduce abuses,” Minister in the Prime Minister Department Senator Datuk Paul Low told reporters here. Read more