INSTITUTIONAL AND POLITICAL REFORM 5-Year Plan for Pillar 2

Promise 18: Create a political financing mechanism that has integrity

May 9, 2018
Not started
May 2018

A new Political Financing Control Act will be introduced.

May 09, 2018

The main principles of the Act will be: • Political parties that qualify will receive annual funding from the Government according to a formula that is transparent and consistent • All political contributions must be from sources that can be identified • Political parties must submit audited financial report every year • Political parties cannot have assets in excess of RM1 billion • Government-owned companies are not allowed to make political contributions

May 2018

In the first year of our administration, Pakatan Harapan will set up a Special Committee to examine views on the mechanisms necessary to ensure that laws relating to political financing are firm and have integrity.

May 09, 2018