Katy Gallagher (ACT, Australian Labor Party, Shadow Minister for Finance) Share this | Hansard source

Labor will also be opposing this motion. While we support elements of the motion, including the call to create a publicly accessible register of beneficial ownership of companies, we don't believe that a motion like this begins to scratch the surface of the government's complete apathy towards anti-money-laundering and counterterrorism finance regulation.

Senator Whish-Wilson interjecting—

Mr Whish-Wilson, I listened to you—if I could just finish. This government hasn't even dealt with their badly explained cash ban bill yet, let alone implemented the recommendations of the 2016 review into anti-money-laundering and counterterrorism financing. Labor is committed to pursuing this issue and holding the government to account for its failures, but this complex issue needs careful and thorough consideration and debate, which the time allocated to this motion today does not provide.