You're right the bill does not do that. The point I'm making is that the way in which you remove money from politics is important, not just the removal of it. If the bill essentially removed the ability for any other group to run other than the two major parties then it's not a good bill.
Do you think that donations are the only way of biasing a party or candidate? How many have gone to work for consultants afterwards?
The Australia Institute also has a new youtube video on this bill.