Rex Patrick (SA, Independent) Share this | Hansard source

I move amendment (1) on sheet 1527:

(1) Schedule 1, page 19 (after line 26), at the end of the Schedule, add:

Part 4 — Disclosure threshold

53 Subsection 287(1) (definition of disclosure threshold )

Omit "$13,800", substitute "$1,000".

54 Subsection 287(1) (note to the definition of disclosure threshold )

Repeal the note.

55 Subsection 287(1) (paragraph (a) of the definition of third party )

Omit "the disclosure threshold", substitute "$10,000".

56 Section 321A

Repeal the section.

Just so that everyone understands what this amendment is about—and I did talk about it in my second reading speech—this amendment basically and very simply lowers the disclosure threshold from $13,800 to $1,000. That, I think, is a proper transparency measure. I note that it is Labor Party policy that there should be disclosures above $1,000, and so I'm looking forward to their support when we divide on this.