Senate debates

Wednesday, 21 March 2007

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

In Committee

6:38 pm

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

Thank you for pointing that out in legislation. Does the AUSTRAC CEO determine whether it falls within functions of ASIS and its exercise of power? I want to understand in a practical sense how it works. Does the AUSTRAC CEO make that decision? It just seems weird that the AUSTRAC CEO will make that decision. Presumably, they would then need to be given an understanding of all the activities of ASIS in order to make those kinds of decisions. Is that the way that it would work? Would the AUSTRAC CEO make the decision about whether it fits within the purview of ASIS? How would that work in a practical sense? What information would they be given access to? I imagine that, if the AUSTRAC CEO is the person who is deciding this, they are not going to know the bounds of the investigation. Does the AUSTRAC CEO decide whether it fits within the jurisdiction of ASIS? How does the handing-over of information work in a practical sense? Do they hand over all the information? I cannot imagine that they would be able to have access only to what relates to their investigation, because the AUSTRAC CEO is not going to know what the ASIS investigation involves.

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