Division
James McGrath This bill, the Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2024, is a disgrace, ladies and gentlemen. This is an attack on every small business in Australia, if you run a small business, if you work in a small business, if you buy from a small business, if you walk past a small business—shame on you, because you should go into the small business and buy off them! This bill, notwithstanding the fancy title, the nice big words and all the acronyms, is an attack on every small business in Australia, and this government should be ashamed of itself for the war that it has declared upon small business. Why is small business important? It employs millions of Australians. Why is small business important? From every small business comes a medium business and a large business. From every small business comes the tax revenue that is so important for the public services that help make this country a great place but also for ensuring that Australians have the quality of life that we should have in such a rich country. But we have a Labor Party in power who have never seen a business that they don't want to tax into the ground, which is what this bill effectively is about. It is a de facto tax on every small business in Australia. It is a full-on attack on every small business in Australia. COSBOA, one of the great representative bodies of small business, have expressly noted the Attorney-General's failure to follow best practice and said that the bill 'leaves the door open to cost confusion and compliance headaches for small businesses'. Why is that important? If you run a small business, if you own a small business, guess what—you're the director of finance, you're the director of HR, you're the director of maintenance, you're the director of operations and you're the director of governance, because it's just you running that small business. There is no bureaucracy of people, as you see in large businesses and in the public sector, to help
Senate, 2024-11-28. affirmative: ayes 30, noes 29.
Question
James McGrath This bill, the Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2024, is a disgrace, ladies and gentlemen. This is an attack on every small business in Australia, if you run a small business, if you work in a small business, if you buy from a small business, if you walk past a small business—shame on you, because you should go into the small business and buy off them! This bill, notwithstanding the fancy title, the nice big words and all the acronyms, is an attack on every small business in Australia, and this government should be ashamed of itself for the war that it has declared upon small business. Why is small business important? It employs millions of Australians. Why is small business important? From every small business comes a medium business and a large business. From every small business comes the tax revenue that is so important for the public services that help make this country a great place but also for ensuring that Australians have the quality of life that we should have in such a rich country. But we have a Labor Party in power who have never seen a business that they don't want to tax into the ground, which is what this bill effectively is about. It is a de facto tax on every small business in Australia. It is a full-on attack on every small business in Australia. COSBOA, one of the great representative bodies of small business, have expressly noted the Attorney-General's failure to follow best practice and said that the bill 'leaves the door open to cost confusion and compliance headaches for small businesses'. Why is that important? If you run a small business, if you own a small business, guess what—you're the director of finance, you're the director of HR, you're the director of maintenance, you're the director of operations and you're the director of governance, because it's just you running that small business. There is no bureaucracy of people, as you see in large businesses and in the public sector, to help
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