10 September 2012

Labor loses track of its rivers of gold

| johnboy
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The ABC has a story on RiotACT regular Elias Hallaj in a spot of bother for leaving som large chunks of change out of the party’s electoral return:

Last week Elections ACT released figures showing Labor raked in $1.045 million last financial year.

But the party has now revealed it mistakenly did not include a $400,000 donation from its investment body, the 1973 Foundation.

It also did not include interest earned from accounts, totalling around $15,000.

ACT Labor secretary Elias Hallaj says he contacted the Electoral Commission as soon as the errors were uncovered.

He says it is the first year earnings from the newly created trust were due to be included in the disclosures, but concedes responsibility for the oversight is his.

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justin heywood3:02 am 11 Sep 12

This is more than a quarter of their total income for the year. Strange they forgot about it, given that the Labor Club was accused only in February of using the Foundation to circumvent electoral laws.

Still, a forgotten donation from ‘The 1973 Foundation’ sounds a lot better than ‘funds earned by facilitating gambling addiction in our pokie palace’, doesn’t it Elias?

There is a lot of misery behind all that money.

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