Senate debates
Monday, 4 July 2011
Bills
Tax Laws Amendment (2011 Measures No. 2) Bill 2011, Corporations Amendment (Improving Accountability on Director and Executive Remuneration) Bill 2011, Tax Laws Amendment (2011 Measures No. 4) Bill 2011, Tax Laws Amendment (Medicare Levy and Medicare Levy Surcharge) Bill 2011, International Tax Agreements Amendment Bill (No. 1) 2011, Acts Interpretation Amendment Bill 2011, Midwife Professional Indemnity Legislation Amendment Bill 2011, Social Security Legislation Amendment (Job Seeker Compliance) Bill 2011, Social Security Amendment (Parenting Payment Transitional Arrangement) Bill 2011, Families, Housing, Community Services and Indigenous Affairs and Other Legislation Amendment (Election Commitments and Other Measures) Bill 2011, Tax Laws Amendment (2011 Measures No. 3) Bill 2011, Family Assistance and Other Legislation Amendment Bill 2011, Families, Housing, Community Services and Indigenous Affairs and Other Legislation Amendment (Further Election Commitments and Other Measures) Bill 2011, Australian Transaction Reports and Analysis Centre Supervisory Cost Recovery Levy Bill 2011
7:30 pm
David Feeney (Victoria, Australian Labor Party, Parliamentary Secretary for Defence) Share this | Hansard source
I understand we were in the middle of having a conversation about cybersecurity. In considering the cyberattacks on Australian government and commercial infrastructure related information networks, I understand that cyberattacks are an emerging threat to Australia's national security and national economic wellbeing. There is also a concern about major organised crime syndicates and their capacity to be effective in attacking the Australian banking sector. That would mean that there would be a significant loss of confidence in the banking system, and that would have collateral effects through our whole financial and economic system and in that way would do considerable damage to our national economic wellbeing. I understand that was the point that Minister Sherry was halfway through when we broke for dinner. From this moment onwards I am happy to take questions as I hear them.
No comments