Nick Sherry (Tasmania, Australian Labor Party, Minister Assisting the Minister for Tourism) Share this | Hansard source

Senator, I have some rough figures, which is the best I can do in the circumstances. Approximately 17,000 businesses are affected by the AML/CTF Act. There are 6,000 small businesses, known as affiliates, that are exempt because of their status as affiliates. They are small businesses and microbusinesses. There are a further 3,000 microbusinesses that are specifically exempt because of their microbusiness status. That gives us a figure of approximately 8,000. I am advised that the number affected on the volume of activity is 8,512. I can only give you approximate numbers other than that last number. If I gave an earlier figure that was incorrect, I stand corrected, but they are the approximate figures and the way in which we reached that total.