Senate debates

Wednesday, 21 March 2007

Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2007

In Committee

6:41 pm

Photo of Kerry NettleKerry Nettle (NSW, Australian Greens) Share this | Hansard source

Minister, thank you for that answer. The next part of the question is: how does it work practically? If you are getting access to information that relates to your jurisdiction, do you get access to all of the information of AUSTRAC and pull out what is relevant to your investigation? Is that the way that it would work? I presume that would have to be the way that it would work, otherwise how will the AUSTRAC CEO know what is relevant to your investigations? If they decide your investigation is correct, you and they both decide that it is appropriate under your powers. How in a practical sense does that work? Do they give you access to all of the information and then you—ASIO, ASIS or whichever intelligence organisation it is—determine what information you need? In a practical sense, how would that work?

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