Vic: Labor accuses Vic Libs of huge slush fund

AAP General News (Australia)
02-01-2001
Vic: Labor accuses Vic Libs of huge slush fund

The Victorian Labor Party's state secretary says the Liberal Party needs to end the
secrecy surrounding the source of a massive political slush fund and asset base totalling
$60 million.

DAVID FEENEY has called on opposition leader DENIS NAPTHINE to reveal where the money
came from and whether the party's decision making process was distorted by the groups
and donations.

But Liberal Party state director BRIAN LOUGHNANE says the $60 million figure is a beat
up by the Labor Party.

Mr FEENEY says one entity, the Cormack Foundation, had an estimated asset base of $50.3
million and had injected donations of $1.45 million and another of $800,000 into Liberal
Party coffers.

He says the source of the $50.3 million was a secret, while the Cormack Foundation
maintained it was not an associated entity and should not have to report.

AAP RTV cmc/jlw/jx/jn

KEYWORD: SLUSH (MELBOURNE)

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