Footnotes


Footnotes

CHAPTER 1 - INTRODUCTION

[1]        House of Representatives Hansard, 12 May 2011, p. 11.

[2]        Selection of Bills Committee, Report No. 6 of 2011, p. 1.

[3]        Department of the Treasury, Federal Budget 2010-11, Budget Paper 2, May 2010, p. 95.

[4]        Explanatory Memorandum (EM), p. 1.

[5]        The Hon. Brendan O'Connor MP, Minister for Justice, Australian Transaction Reports and Analysis Centre Supervisory Cost Recovery Levy Bill 2011, Second Reading Speech, May 2011, p. 3.

[6]        54 submissions were received in response to the release of the consultation paper.

[7]        27 submissions were received in response to the exposure draft of the CRIS.

[8]        EM, p. 1.

[9]        Scrutiny of Bills Committee, Alert Digest No. 5 of 2011, pp 12-13.

[10]      Scrutiny of Bills Committee, Alert Digest No. 5 of 2011, p. 10.

[11]      Scrutiny of Bills Committee, Alert Digest No. 5 of 2011, p. 10.

CHAPTER 2 - KEY ISSUES

[1]        Explanatory Memorandum (EM), p. 1.

[2]        EM, p. 1.

[3]        EM, p. 1.

[4]        EM, p. 2.

[5]        EM, p. 2.

[6]        The Hon. Brendan O'Connor MP, Minister for Home Affairs and Justice, Second Reading Speech, House of Representatives Hansard, 12 May 2011, pp 12-13. The 'census day' for the 2011-12 financial year (the first financial year in which the levy applies) will be the day determined by the AUSTRAC Chief Executive Officer, for every year thereafter, the 'census day' will be 1 July  or another such day as specified by the AUSTRAC CEO. Source: Second Reading Speech, House of Representatives Hansard, 12 May 2011, pp 12-13.

[7]        The Hon Brendan O'Connor MP, Minister for Home Affairs and Justice, Australian Transaction Reports and Analysis Centre Supervisory Cost Recovery Levy Bill 2011, Second Reading Speech, House of Representatives Hansard, 12 May 2011, p. 5.

[8]        Australian Transaction Reports and Analysis Centre Supervisory Cost Recovery Levy Bill 2011, Clauses 7, 9, pp 4 (line 18-23), 5 (line 28-31).

[9]        The Hon Brendan O'Connor MP, Minister for Home Affairs and Justice, Australian Transaction Reports and Analysis Centre Supervisory Cost Recovery Levy Bill 2011, Second Reading Speech, House of Representatives Hansard, May 2011, 12 May 2011, p. 13.

[10]      The Hon Brendan O'Connor MP, Minister for Home Affairs and Justice, Australian Transaction Reports and Analysis Centre Supervisory Cost Recovery Levy Bill 2011, Second Reading Speech, House of Representatives Hansard, May 2011, p. 5.

[11]      The draft ministerial determination can be accessed via AUSTRAC's website: http://www.austrac.gov.au/files/scrl_determ3.pdf, (accessed 30 May 2011).

[12]      The Hon. Brendan O'Connor MP, Minister for Home Affairs and Justice, Draft Australian Transaction Reports and Analysis Supervisory Cost Recovery Levy Determination 2011, 12 May 2011, Item 5, p. 4.

[13]      The Hon. Brendan O'Connor MP, Minister for Home Affairs and Justice, Draft Australian Transaction Reports and Analysis Supervisory Cost Recovery Levy Determination 2011, 12 May 2011, Item 5, p. 4.

[14]      EM, p. 2.

[15]      The Hon Brendan O'Connor MP, Minister for Home Affairs and Justice, Australian Transaction Reports and Analysis Centre Supervisory Cost Recovery Levy Bill 2011, Second Reading Speech, House of Representatives Hansard, May 2011, p. 5.

[16]      Australian Transaction Reports and Analysis Centre, Cost recovery for AUSTRAC's regulatory functions – further consultation regarding an alternative definition of a large entity, http://www.austrac.gov.au/files/large_entity_consultation110324.pdf (viewed 1 June 2011), p. 1.

[17]      The Hon. Brendan O'Connor MP, Minister for Home Affairs and Justice, Draft Australian Transaction Reports and Analysis Supervisory Cost Recovery Levy Determination 2011, 12 May 2011, Item 6, pp 4-5.

[18]      The Hon. Brendan O'Connor MP, Minister for Home Affairs and Justice, Draft Australian Transaction Reports and Analysis Supervisory Cost Recovery Levy Determination 2011, 12 May 2011, Item 7, p. 5.

[19]      The Hon. Brendan O'Connor MP, Minister for Home Affairs and Justice, Draft Australian Transaction Reports and Analysis Supervisory Cost Recovery Levy Determination 2011, 12 May 2011, Item 7, p. 5.

[20]      The Hon Brendan O'Connor MP, Minister for Home Affairs and Justice, Australian Transaction Reports and Analysis Centre Supervisory Cost Recovery Levy Bill 2011, Second Reading Speech, House of Representatives Hansard, 12 May 2011, p. 5.

[21]      EM, p. 2.

[22]      EM, p. 2.

[23]      Australian Transaction Reports and Analysis Centre Supervisory Cost Recovery Levy (Collection) Bill 2011, p. 4 (line 6-14).

[24]      EM, pp 2-3.

[25]      EM, p. 10.

[26]      EM, p. 10.

[27]      EM, p. 13.

[28]      The Hon Brendan O'Connor MP, Minister for Home Affairs and Justice, Australian Transaction Reports and Analysis Centre Supervisory Cost Recovery Levy Bill 2011, Second Reading Speech, House of Representatives Hansard, 12 May 2011, p.1.

[29]      EM, p. 13.

[30]      Australian Transaction Reports and Analysis Centre Supervisory Cost Recovery Levy (Consequential Amendments) Bill 2011, pp 4 (line 17-28), 5 (line 1-7).

[31]      The Hon Brendan O'Connor MP, Minister for Home Affairs and Justice, Australian Transaction Reports and Analysis Centre Supervisory Cost Recovery Levy Bill 2011, Second Reading Speech, House of Representatives Hansard, 12 May 2011, p.1.

[32]      Australian Transaction Reports and Analysis Centre Supervisory Cost Recovery Levy (Consequential Amendments) Bill 2011, pp 6 (line 16-32), 7 (line 1-5).

[34]      Department of Finance and Deregulation, Australian government cost recovery guidelines, July 2005, p. 2.

[35]      The 14 key principles of the Australian Government’s cost recovery guidelines are set out in Appendix 2.

[36]      EM, p. 1.

[37]      CPA Australia, Submission 3, p. 1.

[38]      ICAA, Submission 4, p. 1.

[39]      AFMA, Submission 6, p. 3.

[40]      CPA Australia, Submission 3, p. 2.

[41]      ICAA, Submission 4, p. 1.

[42]      http://www.finance.gov.au/publications/finance-circulars/2005/docs/Cost_Recovery_Guidelines.pdf (accessed 17 June 2011)

[43]      Citigroup, Submission 1, p. 1.

[44]      Citigroup, Submission 1, p. 2.

[45]      Citigroup, Submission 1, p. 2

[46]      AFMA, Submission 6, p. 5.

[47]      CPA Australia, Submission 3, p. 1.

[48]      The Hon Brendan O'Connor MP, Minister for Home Affairs and Justice, Australian Transaction Reports and Analysis Centre Supervisory Cost Recovery Levy Bill 2011, Second Reading Speech, House of Representatives Hansard, 12 May 2011, p. 6.

[49]      Coles Liquor, Submission 7, pp 1-2; Bunnings Group Ltd, Submission 8, p. 1; Coles Express, Submission 9, pp 1-2; Target, Submission 10, pp 1-2; Australian National Retailers' Association, Submission 11, pp 1-2.

[50]      Coles, Submission 5, p. 1.

[51]      Coles, Submission 5, pp 4-5.

[52]      Coles, Submission 5, p. 5.

[53]      Australian Transaction Reports and Analysis Centre (AUSTRAC), Submission 12, p. 1.

[54]      AUSTRAC, Submission 12, pp 1–2.

[55]      AUSTRAC, Submission 12, p. 2.

[56]      AUSTRAC, Submission 12, p. 2.

[57]      An overview of the consultation process AUSTRAC has undertaken is set out in Chapter 1.

[58]      CPA Australia, Submission 3, p. 1.

[59]      ICAA, Submission 4, p. 1.

[60]      Australian Financial Markets Association (AFMA), Submission 6, p. 7.

[61]      Law Council of Australia, Submission 2, pp 1-2.

[62]      Institute of Chartered Accountants in Australia (ICAA), Submission 4, pp 1-2.

[63]      CPA Australia, Submission 3, p. 2.

[64]      Australian Transaction Reports and Analysis Centre Supervisory Cost Recovery Levy Bill 2011, Australian Transaction Reports and Analysis Centre Supervisory Cost Recovery Levy (Collection) Bill 2011, Australian Transaction Reports and Analysis Centre Supervisory Cost Recovery Levy (Consequential Amendments) Bill 2011, Explanatory Memorandum, May 2011, p. 1.

[65]      The Hon Brendan O'Connor MP, Minister for Home Affairs and Justice, Australian Transaction Reports and Analysis Centre Supervisory Cost Recovery Levy Bill 2011, Second Reading Speech, House of Representatives Hansard, 12 May 2011, p. 7.

[66]      The Hon Brendan O'Connor MP, Minister for Home Affairs and Justice, Australian Transaction Reports and Analysis Centre Supervisory Cost Recovery Levy Bill 2011, Second Reading Speech, House of Representatives Hansard, 12 May 2011, p. 2.

ADDITIONAL COMMENTS BY LIBERAL SENATORS

[1]        Scrutiny of Bills Committee, Alert Digest No. 5 of 2011, pp 12-13.