https://www.vec.vic.gov.au/candidates-and-parties/funding/funding-registered-political-parties/rpp-public-funding

Public funding is public money we provide to eligible political parties and independent candidates.

The amount you can receive is based on:

the amount listed in your audited statement of expenditure for the previous election
the number of votes your candidates received
the maximum legislated amounts.

You can also choose to receive advance public funding for the 2022 election. The amount you can receive in advance is calculated for each eligible candidate. It is also based on:

the number of first preference votes the candidate received at the 2018 State election
if they stood for the Legislative Assembly (lower house) or Legislative Council (upper house).