Lib­er­als eyed raid on funds

Pilbara News - - News - Nick But­terly

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.

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