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Scope: 713 bills from the 47th–48th Parliaments · votes, speeches & amendments to 14 May 2026
Before Reps Anti-Money Laundering and Counter-Terrorism Financing Amendment From 1 July 2027, the responsible minister can restrict or ban regulated businesses from using a product or channel that poses a high risk of serious financial harm, such as a cryptocurrency ATM. The minister must believe its use has caused, will cause or is likely to cause significant harm to the financial system or Australian community, and that action is necessary in the public interest. The minister must consider the nature and extent of the harm, whether the restriction is likely to reduce it, available alternatives and any matters set by regulations. The minister must first seek and consider advice from the head of AUSTRAC, Australia’s financial-crime regulator.
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