Senate debates Bills

Treasury Laws Amendment (2022 Measures No. 4) Bill 2022; In Committee


Katy Gallagher

Katy Gallagher ACT, Australian Labor Party, Minister for the Public Service

6:06 pm

Yes, sure. My understanding, and I'll be corrected if I'm wrong, is that we believe the legislation is broad enough to capture the digital currency it needs. However, in the event that there is a similar situation to the one that has arisen, which has led to this amendment, then the regulation power would allow us to deal with that. It is, in a sense, an unforeseen circumstance that is yet to occur.

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