Senate debates

Wednesday, 13 September 2006

Financial Transaction Reports Amendment Bill 2006

In Committee

5:13 pm

Photo of Chris EllisonChris Ellison (WA, Liberal Party, Minister for Justice and Customs) Share this | Hansard source

I do not think I have seen an amendment quite like this before. It must have been very difficult for Senator Ludwig to move this amendment with a straight face. I reject that this has been ad hoc or on the run. I have always said this has been a work in progress. We had our initial legislation to provide an urgent response to the needs of the time. There was always going to be another bill of this sort to take it further. At the end of the day, we will have the wider reform I have been talking about, and that will be in the form of the AMLCTF Bill, which will be introduced into the Senate in this sitting. It will not come as a surprise to anyone that the government opposes this amendment.

Question negatived.

Bill, as amended, agreed to.

Bill reported with amendments; report adopted.

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