Cormack Foundation

The Cormack Foundation is a front group used by the Liberal Party of Australia to funnel funding without the knowledge of the Australian Electoral Commission or the Australian public.

It is a non-profit investment company, set up by the Liberals from the proceeds of Melbourne radio station 3XY [1].

According to a February 2010 analysis by journalist Stephen Mayne, "the foundation has distributed more than $25 million to the Liberal Party over the past 22 years and also built up the capital to $58 million spread across 16 blue-chip investments." [2]

Personnel

Directors

• John Calvert-Jones
• Hugh Morgan
• Charles Goode

Other Sourcewatch Resources

• Liberal Party
• Greenfields Foundation
• Free Enterprise Foundation
• Menzies Research Centre

External Resources

• Hamish Fitzsimmons, Mysteries remain in political donations, PM, ABC Radio National, 2 February, 2004.
• List reveals near-$2m donation to Liberals, ABC News, February 2, 2004.
• Josh Gordon, Parties hide donor identities, The Age, 3 February 2004.
• Lessons for Australia in US corruption scandal, The Age, 8 January 2006.
• Stephen Mayne, Totally addicted to coal, Crikey.com.au, 10 February 2006.
• Stephen Mayne, Revealed: The $58m share portfolio that can topple Brumby, Crikey.com.au, 18 February 2010.
• Sandi Keane & Barry Everingham, The Liberal Party receives millions from fossil fuel lobby, Independent Australia, 11 April 2011.
• Sandi Keane, The fossil fuel industry and who really runs Australia, Independent Australia, 6 May 2014

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