

- Title
BILLS
Anti-Money Laundering and Counter-Terrorism Financing and Other Legislation Amendment Bill 2019
Second Reading
- Database
Senate Hansard
- Date
10-12-2020
- Source
Senate
- Parl No.
46
- Electorate
- Interjector
- Page
7409
- Party
LP
- Presenter
- Status
Final
- Question No.
- Questioner
- Responder
- Speaker
Brockman, Sen Slade
- Stage
Anti-Money Laundering and Counter-Terrorism Financing and Other Legislation Amendment Bill 2019
- Type
- Context
BILLS
- System Id
chamber/hansards/d334e937-2d40-4347-901e-4275822f0cfc/0023


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Hansard
- Start of Business
- DOCUMENTS
- COMMITTEES
- BUSINESS
- STATEMENTS
- BILLS
- BUSINESS
- BILLS
- NOTICES
- COMMITTEES
- NOTICES
- BUSINESS
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BILLS
- Australian Security Intelligence Organisation Amendment Bill 2020
- Aged Care Amendment (Aged Care Recipient Classification) Bill 2020
- Financial Sector Reform (Hayne Royal Commission Response) Bill 2020, Corporations (Fees) Amendment (Hayne Royal Commission Response) Bill 2020
- Treasury Laws Amendment (2020 Measures No. 6) Bill 2020
- Export Market Development Grants Legislation Amendment Bill 2020
- National Emergency Declaration Bill 2020, National Emergency Declaration (Consequential Amendments) Bill 2020
- Corporations Amendment (Corporate Insolvency Reforms) Bill 2020
- Social Services and Other Legislation Amendment (Extension of Coronavirus Support) Bill 2020
- MINISTERIAL ARRANGEMENTS
-
QUESTIONS WITHOUT NOTICE
-
Workplace Relations
(Wong, Sen Penny, Birmingham, Sen Simon) -
Morrison Government
(Paterson, Sen James, Birmingham, Sen Simon) -
Workplace Relations
(Gallacher, Sen Alex, Birmingham, Sen Simon) -
Assange, Mr Julian Paul
(Rice, Sen Janet, Payne, Sen Marise) -
Papua New Guinea: Foreign Investment
(Patrick, Sen Rex, Payne, Sen Marise) -
Economy
(Van, Sen David, Cash, Sen Michaelia) -
COVID-19: Repatriation
(Keneally, Sen Kristina, Payne, Sen Marise)
-
Workplace Relations
- DISTINGUISHED VISITORS
- QUESTIONS WITHOUT NOTICE
- DOCUMENTS
- REGULATIONS AND DETERMINATIONS
- QUESTIONS WITHOUT NOTICE: TAKE NOTE OF ANSWERS
- PETITIONS
- COMMITTEES
-
BILLS
-
Social Services and Other Legislation Amendment (Extension of Coronavirus Support) Bill 2020
- Second Reading
-
In Committee
- Pratt, Sen Louise
- Ruston, Sen Anne
- Siewert, Sen Rachel
- Ruston, Sen Anne
- McAllister, Sen Jenny
- Siewert, Sen Rachel
- Ruston, Sen Anne
- Pratt, Sen Louise
- Ruston, Sen Anne
- Pratt, Sen Louise
- Ruston, Sen Anne
- Siewert, Sen Rachel
- Ruston, Sen Anne
- O'Sullivan, Sen Matthew
- Ruston, Sen Anne
- Pratt, Sen Louise
- Ruston, Sen Anne
- Pratt, Sen Louise
- Division
- Pratt, Sen Louise
- Ruston, Sen Anne
- Division
- Pratt, Sen Louise
- O'Sullivan, Sen Matthew
- Ruston, Sen Anne
- Patrick, Sen Rex
- Ruston, Sen Anne
- Patrick, Sen Rex
- Ruston, Sen Anne
- Siewert, Sen Rachel
- Patrick, Sen Rex
- Ruston, Sen Anne
- Wong, Sen Penny
- Siewert, Sen Rachel
- Siewert, Sen Rachel
- Pratt, Sen Louise
- Siewert, Sen Rachel
- Pratt, Sen Louise
- Siewert, Sen Rachel
- Siewert, Sen Rachel
- Third Reading
- Aviation Legislation Amendment (Liability and Insurance) Bill 2020
- Immigration (Education) Amendment (Expanding Access to English Tuition) Bill 2020
- Territories Legislation Amendment Bill 2020, Bankruptcy (Estate Charges) Amendment (Norfolk Island) Bill 2020
- Treasury Laws Amendment (2020 Measures No. 5) Bill 2020
- Health Insurance Amendment (Compliance Administration) Bill 2020
-
Social Services and Other Legislation Amendment (Extension of Coronavirus Support) Bill 2020
- REGULATIONS AND DETERMINATIONS
- BUSINESS
- BILLS
- MOTIONS
- COMMITTEES
- MOTIONS
- COMMITTEES
- DOCUMENTS
- BILLS
- MINISTERIAL STATEMENTS
- DOCUMENTS
- QUESTIONS WITHOUT NOTICE: ADDITIONAL ANSWERS
- DOCUMENTS
- MINISTERIAL STATEMENTS
- DOCUMENTS
- BILLS
- STATEMENTS
-
BILLS
- Crimes Legislation Amendment (Economic Disruption) Bill 2020
- Financial Sector Reform (Hayne Royal Commission Response) Bill 2020, Social Security (Administration) Amendment (Continuation of Cashless Welfare) Bill 2020
- Electoral Amendment (Territory Representation) Bill 2020, Sport Integrity Australia Amendment (World Anti-Doping Code Review) Bill 2020, Transport Security Amendment (Testing and Training) Bill 2020, Wine Australia Amendment (Label Directory) Bill 2019
- COMMITTEES
- BUSINESS
- ADJOURNMENT
Page: 7409
Senator BROCKMAN (Western Australia—Deputy Government Whip in the Senate) (10:04): In the interests of time, I'll just give a short contribution today on the Anti-Money Laundering and Counter-Terrorism Financing and Other Legislation Amendment Bill 2019. We obviously have a very full agenda ahead of us. However, before getting started on this bill—in his speech, Senator McKim just spoke a lot about the interactions with donations to political parties, but I will remind those listening that the largest single donation ever made in Australian political history was to the Greens party. It is greatly ironic that Senator McKim gets up in here, speaks about an anti-money-laundering bill and turns it into an attack on the Labor Party. Whilst I would never stop the Greens and Labor from fighting with each other over on the other side of the chamber, I think it is very important to remember that anti-money-laundering and counterterrorism financing is actually an extraordinarily important issue to the future of this country.
Senator Watt interjecting—
Senator BROCKMAN: Who knows! This is an area where, as a nation, we are in a constant arms race. The techniques used by criminal organisations, by terrorist organisations, are constantly changing and constantly evolving, and so the law in this space must constantly change and evolve with those who wish to involve themselves in illegal activities or the financing of terrorism.
Obviously, this government is absolutely committed to strengthening our anti-money-laundering and counterterrorism financing regime. In this bill, we are reducing compliance costs by around $3.1 billion over 10 years by allowing industries to work more closely together to discharge customer identification and verification obligations. We're improving and streamlining obligations relating to correspondent banking relationships, customer identification and verification procedures, the sharing of financial intelligence and cross-border reporting of monetary instruments. We're also addressing the barriers to the successful prosecution of money-laundering offences. The bill also makes it an offence for a person to dishonestly represent that a police award has been conferred on them. Obviously, we had a situation in Western Australia quite recently that involved a member of parliament with particular claims of a particular history of police service that turned out to be untrue. Again, I do not want to make this a long contribution. We do have a lot of material to get through today. But this is an extraordinarily important area of law reform and something that this government is strongly committed to. I commend the bill to the house.