Opposition leader Bill Shorten has flagged support for a push by independent senators to set up an inquiry into political donations.
Mr Shorten has told Fairfax Media all parties need to take responsibility for donations received from private interests and move towards a more transparent system.
He has also proposed working with Prime Minister Tony Abbott on a program of reforms designed to restore political integrity and public confidence.
His comments follow a Labor resolution to strengthen campaign disclosure and transparency rules at its weekend National Conference.
"All political parties receive private donations and all political parties must take responsibility for reform," Mr Shorten has told the Age.
"The current system just isn't good enough and the most immediate and best way to restore confidence ... is to enhance transparency and improve disclosure arrangements."
NSW Premier Mike Baird will press for an overhaul of national election funding laws at the next meeting of federal, state and territory leaders later this year.
The federal government has been forced to defend its handling of donations following revelations Clubs NSW gave tens of thousands of dollars to Liberal Party fundraising bodies while frontbencher Kevin Andrews was crafting poker machine policy before the 2013 election.
Independent MP Andrew Wilkie says the donations to the Victorian-based Menzies 200 Club, which supports Mr Andrews, were "no better than large sums of money changing hands in a brown paper bag".
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