Climate 200 would have been blocked from donating $8.34 million to independent candidates at the 2025 election under new laws set to come into effect next year.
The political funding organisation led by billionaire Simon Holmes a Court made $10.86 million in donations to teal candidates in the lead-up to the federal election.
But under laws passed in a deal between Labor and the Coalition that cap annual donations to $50,000 per candidate, it would not have been able to donate the vast majority of that.
Those laws will be in place at the next election.
Critics of the laws have accused the major parties of "stitching up" a deal that favours them at the cost of new challengers.
How the electoral reform deal was done
Don Farrell insisted he wanted to win the crossbench over to his ele