Question Time AU

Bill Debate · Consideration in Detail

Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2026; Consideration in Detail

House of Representatives · Wednesday 16 September 2026

Official Hansard for this day (APH) · Read this debate on OpenAustralia

At a glance

The debate concerned the consideration in detail of the Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2026. Assistant Minister Julian Hill moved 25 government amendments to incorporate recommendations from the Parliamentary Joint Committee on Intelligence and Security. These changes transferred powers from the AUSTRAC CEO to the Minister, mandated consultation reporting, and delayed commencement to reduce regulatory burden. The amendments were agreed to, and the bill passed as amended.

Outcome

The amendments were agreed to and the bill, as amended, was agreed to.

Summary in reported speech - not a transcript. AI-generated, so check the official record before quoting.

How the debate unfolded

Opened the debate

Julian Hill (Bruce) (Australian Labor Party) ALP

Hill moved 25 amendments to align the bill with recommendations from the Parliamentary Joint Committee on Intelligence and Security. Hill explained that the changes transferred the power to restrict high-risk mechanisms from the AUSTRAC CEO to the responsible Minister. The amendments also required the Minister to describe consultation processes in explanatory statements. Furthermore, the commencement date for these provisions was delayed to 1 July 2027 to allow industry time to adjust to new compliance requirements.