James McGrath (Queensland, Liberal National Party, Assistant Minister to the Prime Minister) Share this | Hansard source

There has been lots of circle work. That is perhaps why this has taken a lot longer than was expected, because of certain activities of other parties here. In relation to red tape, we believe that the bill has the right balance and that any additional proposals will increase the red tape on business. The ATO and ASIC have suitable powers, presently, to seek the information they require.