As The Saturday Paper also discloses,
When you consider Tony Abbott ruled from the IPA’s 75 point song book then we are entitled to ask who runs Australia.(ODT)
The institute’s annual reports tell us its total revenues were $4.96 million in 2015–16 and $6.1 million in 2016-17. Thus Rinehart’s money, given through her company, Hancock Prospecting, made up almost half the IPA’s income in one year and well over a third in the other. She has, in effect, a controlling interest.
The problem here is that while most ‘think tanks’ in Australia will happily disclose their funding sources allowing us to determine intentional or unintentional bias, the IPA doesn’t. It does however contribute staff to provide opinions on television programs and in the media. And a lot of their ‘talent’, including recently failed Liberal Party candidate for Mayo Georgina Downer and current Liberal Party member for Goldstein Tim Wilson, go into politics trying to drag the ‘liberal’ party further to the conservative end of the spectrum.
They too are entitled to their opinions — but it’s a concern when the funding behind their policy position remains hidden.