The proposed second period of consultation on the draft anti-money
laundering reform package will now commence in mid-June according to the Minister
for Justice and Customs, Senator Chris Ellison.
The first round of consultations has ended with the
Government receiving more than 120 submissions. The Senate Legal and Constitutional
Committee Inquiry into the Exposure Draft of the Anti-Money Laundering
and Counter-Terrorism Bill 2005 delivered its report (pdf) in April.