Michaelia Cash (WA, Liberal Party, Minister for Women) Share this | Hansard source

The facts of the matter are this: across Australia there are 47 unions and 63 employer groups representing two million members. These registered organisations have annual revenue in excess of $1.5 billion and they have ownership or control of assets worth $2 billion. That is why it is so important that the laws are in place to ensure accountability and transparency. What we need are laws that ensure there is an independent overseer, a regulator, similar to that for the Corporations Law. We also need to ensure that proper accountability and transparency is in place. If an employer organisation or a union organisation is doing something that involves members' money, all we say is the members deserve to know. (Time expired)