NACP 1.2.5

To introduce new legislation on governing Political Funding and to include an offence on lobbying

On political funding, Rashid said the ERC was currently reviewing a report prepared during former minister in the Prime Minister’s Department Datuk Paul Low’s tenure. “All political parties must declare their finances. There will be no more hiding. Everyone, including the government, has to own up. “It’s alright to receive a lot of money, but we must know the source.”
Economist Prof Jomo Kwame Sundaram today called for the establishment of a political financing system in Malaysia to ensure that political parties no longer need to get money from corporations or in an illicit way. He said there should be an alternative source of financing with very strict rules for political parties to adhere.
A raft of reforms is in the process of being rolled out, including Ombudsman Malaysia replacing the Public Complaints Bureau, the setting up of the Independent Police Complaints and Misconduct Commission (IPCMC) and political financing. Deputy Minister in Prime Minister’s Department Mohamed Hanipa Maidin said these legislative reforms were at the drafting and revision stages. He said he was aware of criticism that the government was “slow” in instituting reforms, but certain things needed more time as it was “not easy to change the (existing) mentality”.
“We hope to table the Bill in June, but that would depend on the outcome of the meetings with political parties.

16 components for electoral reform to be presented to government next year

Economist calls for establishment of political financing system

'Legislative reforms at drafting, revision stages'

New act to monitor political funding?