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The AFR devoted a lengthy and laborious investigation to One Nation’s funding over the weekend.
Perhaps part of the disbelief rumbling through Canberra stems from the knowledge that small-dollar, direct-to-voter fundraising like this isn’t how Australian political parties make their bread in 2026.
When asked by AFR Weekend, the Labor Party declined to say how much had been raised from small donations in its own anti-One Nation campaign.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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