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Thursday, 5 December 2002
Page: 7274


Senator TROETH (Parliamentary Secretary to the Minister for Agriculture, Fisheries and Forestry) (12:58 PM) —The Charter of the United Nations Amendment Bill 2002 further ensures that the government has control over efforts to freeze terrorist assets. It does this by ensuring that the Minister for Foreign Affairs is able to issue notices on his own motion providing permission for financial institutions to use a freezable asset in a specified way. Obviously, the freezing of terrorist assets is a crucial part of international efforts to suppress terrorism. The bill has been drafted in response to issues raised in consultation with private financial institutions. I thank the Senate for its support and commend the bill.

Question agreed to.

Bill read a second time.