Liberals eyed raid on funds
The WA Liberal Party was so short of election campaign funds that MPs floated the idea of raiding normally protected corporate holdings or even borrowing cash to fight the onslaught of WA Labor and union advertising.
WA Liberals State president Norman Moore confirmed that pleas were made for the party to draw funds from its corporate vehicle — the Liberal Party of Australia Pty Ltd (WA division) — which is thought to hold about $8 million in property and bluechip shares. But the idea was shot down, with the party’s State executive ruling the emergency funds were for “the ultimate rainy day”.
Mr Moore said he and other members of the executive said the party could only spend what it generated in donations and through fundraising.
It is understood Liberals believed they were about $1 million short in campaign funds and were outspent on advertising by the unions and Labor by a ratio of about $5 to $1.