Cormack Foundation

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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]



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