I support this legislation. I had a brief but constructive discussion with South Australian Treasurer, Kevin Foley, about this. I see the need for this legislation, but I also see the need for the transparency provisions that have been moved by the opposition in relation to this.

I understand the government’s arguments, but I do not accept that this is unworkable. I think that it is not unprecedented in other jurisdictions to have transparency mechanisms such as this, and I believe that this enhances the legislation and that Australians have a right to know in broad terms where the money is coming from. I think it is in our interest to know that and to have that level of transparency and accountability.