It has moved to limit political donations and campaign spending in the biggest election rules shake-up in decades.

Spending caps would limit $800,000 per candidate in their electorate and $90 million per political party across the nation.

Donors, would be capped at $20,000 per candidate, unable to donate more than $600,000 across an election.

These caps would stop-dead the scale of campaigning undertaken by the likes of billionaire Clive Palmer, who in 2022 broke his own record, donating $117 million to his own party.

But Clive won’t close his very large purse without a fight, announcing he’ll be taking legal action.

The proposed changes could also be diabolical news for the independents known as The Teals.

Last election, all six newly elected Teals raised more than $1 million each.

A chunk of that, coming from Climate 200, a political movement funded by billionaire Simon Holmes a Court.

Independents across the parliament are hitting back, accusing the major parties of a stitch-up.

So is this a last-ditch attempt to stop our elections morphing into a US style mega-spend or just another cynical plot to lock the average person out of politics?