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The CFMEU might be Australia’s richest union with audited net assets of more than $200 million across its various divisions, but the conservative side of politics also has plenty of financial fire power. But tensions between the Liberal Party and its largest donor are having serious financial consequences for the party. 

As Michael West reported last month, the NSW Business Chamber is sitting on an investment portfolio worth a staggering $184 million. But more directly connected to the Liberal Party is the Melbourne-based Cormack Foundation, which is sitting on a $70 million share portfolio.