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Wednesday, 31 August 2016
Page: 263

Senator WILLIAMS (New South Wales) (16:05): Mr President, I seek leave to make a one-minute statement.

The PRESIDENT: Leave is granted for one minute.

Senator WILLIAMS: Mr President, for seven years I have pursued a royal commission into white-collar crime in this place. With the amendments I put forward and circulated in the chamber, I want to include many things such as industry super funds and life insurance. I do that on the grounds of what Mr David Murray said just recently in the newspaper. And I will make this point: over the past two years, the industry super funds have paid more than $5.4 million to unions and the ACTU, with a fair portion of that flowing to the Labor Party. In 2014-15, construction industry fund CBUS gave nearly $1 million to the CFMEU which, of course, would have passed it onto the Greens and others, and the Labor Party, as well, for their campaigns. If we are going to have a royal commission into white-collar crime and clean-out the crooks with the Ponzi schemes, the unregistered managed investment schemes et cetera, so we have a good clean financial system for the future—that is what I have been chasing for seven years and that is what I have been rejected to do today.

The PRESIDENT: Thank you, Senator Williams. I will go to Senator Culleton.