I think that's a good question, and it's one that I hope you as a committee will be turning your minds to, because it is an important part of this bill. One of the reasons this was sent to the committee before second reading was so that you would also have an opportunity to look at that voting system and consider whether you think it appropriate or whether another alternative voting system is considered more appropriate.
I'm not going to try to explain the formula, because you have to be really smart to do that. I know that's why you're asking the question, Jay, because you understand it, but I'm not surprised that others haven't asked the question, because that would mean they would have to have worked out all the math and sorted it all out, and it is a challenge to do that.
To boil it down into its simplest aspects, the objective of the voting system here is to respect some of the unique characteristics that people say are important about the Senate, that it is a little less partisan, and by adopting a type of proportional representation, you will be diminishing the partisan nature that you have from a first-past-the-post system and it would heighten the independence of senators.
The campaign financing aspects of it, for example, would prohibit, in our proposal, the transfer of funds from a political party to a candidate—that way, again, strengthening the independence of an individual senatorial candidate. The same kind of contribution limits would apply that we have for political parties and local elements of political parties, the $1,000 index, which is now about $1,100 a year or event contribution. That would ensure that you didn't have a situation where a wealthy individual could buy a Senate seat or where they could, through wealthy networks, have the financing to do it, that there's a fairly level playing field with a reasonable number there. So it's trying to maintain accountability, trying to maintain that notion of independence, introducing a concept of proportionality that we haven't seen elsewhere before, and diminishing that role of political parties so that it's more the individuals we're focusing on as senators.
A single transferable vote has been used in other places. There are three national legislatures elected directly using single transferable votes today: Australia's Senate, the Irish Dáil, which is their lower house, and the Maltese House of Representatives. We of course have significant Irish, Maltese, and Australian communities in Canada that are familiar with that model.
There are others where it has been used. It's one of the options for election to the European Parliament, and it's used by, I believe, three member countries right now for their election of representatives in the European Parliament. There are some states in Australia that use it. And I could go on.
But while it's the position that the government is putting forward as the preferred approach, you might want to look at other proportional models. You might want to say the American model or our first-past-the-post model is a better approach because it's easy to understand. All these things are legitimately on the table, and they are, again, very legitimate, valid debates and discussions that can be had about which would produce the best outcome that best reflects the interests.
What's fascinating about the single transferable vote as well is that it has a different effect in a single-seat situation. Suppose you're voting on only one vacancy. Suppose you're in P.E.I. and there's only one coming up in the next 10 years and you put that to a vote. You could have multiple candidates for it. It doesn't become first past the post. It becomes a form of transferable vote, where you wait until somebody has a clear majority of transferred preferences from those who drop off. And anyone who understands leadership conventions in the old-fashioned sense understands that model. That again would be a different way of mediating those hard party lines and bringing together diverse interests in a consensus.
So it's a novel approach, and it takes a little bit of work to understand and to study, but that's the work of this committee.