Australian politicians ripe for bribery and corruption

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Transparency International (TI) recently released its 2023 Corruption Index, which revealed that Australia’s score has fallen by ten percentage points since 2012:

Corruption Index

Australia’s Corruption Index

Transparency International cited Australia’s failure to reform its foreign bribery laws and take more decisive action to regulate lobbying, donations, and the revolving door between big business and politics, as well as lax financial regulations that allowed Australia to be used as a launching pad for regional corruption.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.