Thursday, 26 March 2015
Telecommunications (Interception and Access) Amendment (Data Retention) Bill 2015; In Committee
Obviously, corporate crime is not terrorism and corporate crime is not paedophilia, but I would maintain unhesitatingly that serious organised corporate fraud, market manipulation, insider trading and white-collar crime at the serious end absolutely are forms of organised crime. We obviously have a philosophical difference about that. And it is not mission creep, as you say, Senator, because these powers already exist. These powers already exist under the status quo. We have shed three-quarters of the agencies by whom these powers are exercisable, but we have included ASIC and the ACCC on the list for that reason.