The political donation system has been corrupted. It is designed to hide donations so the public are not aware of who is influencing government policy. This is why I am concerned about overseas political donations—they are in direct conflict with national sovereignty. The system is not in the national interest, and it is not in the public's interest. It is, however, in the interest of some politicians' retirement policy.
China's donations to the major political parties are well documented and are a grave threat to the power and authority of the nation. I am not alone in my concern regarding our dealings with a country that does not respect our democratic values, that has widespread corruption and that lacks transparency. China's political donations have already influenced our decisions on the China free trade agreement—an agreement that undermines our national and job security.
What has been proposed here is an improvement, but the gold standard is real time disclosure. My network reports donations on my website as we receive them—that is true transparency.
Question agreed to.