Senate debates

Thursday, 7 September 2006

Financial Transaction Reports Amendment Bill 2006

Second Reading

12:35 pm

Photo of Eric AbetzEric Abetz (Tasmania, Liberal Party, Minister for Fisheries, Forestry and Conservation) Share this | Hansard source

Thank you very much for that, Senator Ludwig. Extensive consultation has been undertaken in the broader context of the AMLCTF Bill, which has ensured that industry has been able to raise its concerns and consult with the government on them. As a result of these discussions, amendments were made to the FTR Act. As a result of the Senate committee inquiry and consultation with industry, we have developed amendments which we consider to be worthwhile.


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