Alex Gallacher (SA, Australian Labor Party) | Hansard source

Minister, I want to take you to the explanatory memorandum, which says:

Financial Impact: The Bill is estimated to have a gain to the budget of $605.4 million over the forward estimates.

Compliance cost impact is listed as 'medium to high'. I'd like you to confirm that figure and also explain the compliance cost impact. Secondly, the supplementary explanatory memorandum, in the government's amendments, says:

The financial impact of the Amendments is estimated to be a cost of $55.1 million over four years to 2022-23.

I'd like you to confirm those figures and give me an explanation of the 'medium to high' compliance cost impact.