Writer’s market writer’s market has become a favoured form of funding for candidates and political parties, with more than $20 million of such funding in Australia over the past two years.
Photo: Andrew Meares Writer’s markets have long been seen as a means to raise cash, but the growth in use of them has prompted concern from some politicians about the risks they pose to candidates.
What is writing?
“It’s writing in candidates’ campaign reports,” said James Withers, a political consultant.
“It’s a way of raising money.”
‘It’s the safest way’ to raise money.
It is a relatively easy way to raise funds for political parties and candidates, he said, and there are no restrictions on how much money can be raised.
“People who write in their candidate’s reports are usually doing it for personal gain,” he said.
“The risk is that if they start to lose money, that’s a big risk.”
Mr Witherst said that writing was a safer way of fundraising than traditional campaigning.
He said that while it was an option for some candidates, it was not for others.
Candidates are required to provide their campaign committee with all the details of their finances, including how much each candidate is spending.
A campaign committee must provide a list of the campaign spending that is being reported.
“The more information the campaign committee has, the better it is at identifying who is spending what, and it’s the best way to make sure they’re getting the best return,” Mr Withering said.
“Candidates can then take the money back out, but they can’t use it for anything else.”
It could be for a new campaign manager or a new election manager, or to fund another political party, but it’s not a way to get money into the campaign.
“Write in candidate’s report ‘s a safe way to fundraise’Candidates and parties can use the writing in candidate report to raise $1 million each year.
There are a variety of reasons for the increased use of the writing market, including concerns about potential misuse by political parties of the reporting system, including misuse by campaign finance bodies.
As the use of writing in reports increases, some political parties have sought to limit the extent to which it is used.
Some politicians have also argued that candidates should be able to take ownership of their campaigns through their own personal accounts.
But for some political leaders, such as Liberal MP Tony Burke, writing is a riskier option than traditional fundraising.
Mr Burke told the ABC’s AM program that he had received a number of inquiries about writing a campaign report.
If you write in somebody’s account and don’t get the campaign finance report, it could be very difficult to track down where you’re getting your money.”AAP/ABC”
I don’t think there’s any particular reason for people to be writing their campaign report, except to raise a little bit of money for the campaign,” Mr Burke said.
“If you write in somebody’s account and don’t get the campaign finance report, it could be very difficult to track down where you’re getting your money.”AAP/ABC