Senate debates

Tuesday, 20 June 2023

Bills

Treasury Laws Amendment (2022 Measures No. 4) Bill 2022; In Committee

6:06 pm

Photo of Katy GallagherKaty Gallagher (ACT, Australian Labor Party, Minister for the Public Service) Share this | Hansard source

Yes, sure. My understanding, and I'll be corrected if I'm wrong, is that we believe the legislation is broad enough to capture the digital currency it needs. However, in the event that there is a similar situation to the one that has arisen, which has led to this amendment, then the regulation power would allow us to deal with that. It is, in a sense, an unforeseen circumstance that is yet to occur.

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