Category: Australian News

Victoria Police, the Australian Federal Police, the Australian Security Intelligence Organisation (ASIO), and other agencies which form part of the Joint Counter Terrorism Team have conducted an operation in Melbourne.
Operation Donabate resulted in the arrest of three men and the execution of four warrants in the North West Metro Region this morning.
Three men remain in custody.

• A 30-year-old man from Dallas
• A 26-year-old man from Campbellfield
• A 21-year-old man from Greenvale

A fourth property was searched in Coolaroo.
It will be alleged the three men arrested were involved in undertaking preparations for planning a terrorist act in Melbourne.
The operation is ongoing and further information will be made available at the appropriate time.
Victoria Police would like to reassure the community that the threat has been contained and there is no on-going threat.

The Australian Institute of Marine Science (AIMS) has conducted the first real-world seismic experiment to determine the effects of marine noise on fish and pearl oysters.
The experiment, using the seismic vessel the BGP Explorer, surveyed two sites off the northwest of Western Australia over ten days. The experiment, which has taken the collaborative efforts of more than 100 people 12 months to design and co-ordinate, could help to clarify some of the issues around marine noise.
AIMS Project Science Leader Dr Mark Meekan said the experiment was unique.
“It is the first time anyone has had a dedicated seismic vessel to look at the effects of seismic energy on pearl oysters and on fish,” Dr Meekan said.
“This is an enormous piece of research, the answers are not going to apply just to Australia, they’ll be important internationally.”
Seismic surveys are used to produce images of the various geological layers and their location beneath the earth’s surface. The seismic vessel tows an array of air guns that use compressed air to produce acoustic energy. Sound waves penetrate the seabed and, depending on the depth and characteristics of the geological layers, are reflected back at different time intervals and intensity.
The reflected sounds are captured by a series of very sensitive hydrophones (underwater microphones) towed behind the seismic vessel. Analysing the time of arrival and characteristics of the reflected sound waves provides valuable information about the geological layers.
The study is looking specifically at pearl oysters (Pinctada maxima) and red emperor, which are a commercially important indicator species for other demersal fish.
The researchers tagged 390 red emperor and are tracking the fish via an array of 96 acoustic receivers as well as using BRUVS© (Baited Remote Underwater Video Systems) to document their movements before, during and after exposure to the seismic sound.
Department of Primary Industries and Regional Development acting regional manager Ellen Smith said looking into the effect of seismic activities on demersal fish was important because their abundance and biodiversity is an indicator of the health of an ecosystem.
“We want to find out if fish change their behaviour and leave the area, stop spawning, hide or return to normal,” Ms Smith said. “If we know how demersal fish react we can manage our fisheries appropriately to ensure long-term sustainability.”
With the support of the Pearl Producers Association and the Paspaley Pearl Company the AIMS study also set out more than 10,000 pearl oysters in groups of about 1200 at different distances of up to 6 kilometres from the seismic vessel operation.
“This experiment is important because we need to understand the nature of the risks associated with seismic testing and pearl oysters at Eighty Mile Beach,” Pearl Producers Association chief executive Aaron Irving said.
More information on the project can be found at: www.aims.gov.au/nw-shoals-to-shore

Women will be the major beneficiaries of a major funding boost for family law services and initiatives to help women establish economic security after ending a relationship as part of the Coalition Government’s Women’s Economic Security Package, announced today.
“Women are more likely than men to experience financial hardship after separation, especially those women who have experienced family violence and they may not have the financial or other means to access services, lawyers, and the courts to resolve their family law disputes,” Minister for Women, Kelly O’Dwyer said.
“The Coalition Government is delivering practical measures to help give women greater choices about their lives and to build financial security for themselves and their families. But we must particularly ensure that we assist those women and their children who may be experiencing family and domestic violence.”
“This package of measures will assist and encourage women, including victims of family violence, to pursue safer, faster, and fairer parenting arrangements and property settlements after separation and will assist them to obtain economic security for themselves and their children,” Attorney-General, Christian Porter said.
“Without appropriate supports and assistance, women may be more likely to agree to inequitable settlements to avoid the stress and cost of going to court, or to abandon their property claims altogether.”
Victims of family violence will benefit from new ongoing funding for Legal Aid Commissions to support the ban on direct cross-examination by perpetrators of family violence. The funding, initially $7 million over three years, establishes the new Family Violence and Cross-examination of Parties Scheme.
Under this Scheme, Legal Aid Commissions will be funded to provide legal representation to parties subject to the ban on direct cross-examination in the Government’s Family Law Amendment (Family Violence and Cross-examination of Parties) Bill 2018, which is currently before the Senate.
The Bill will protect victims of family violence in family law proceedings by banning direct cross-examination in certain circumstances, requiring that cross-examination be conducted by a legal representative.
Legal representation under the Scheme will be available to all parties who are subject to the ban on direct cross-examination – the usual legal aid means and merits tests will not apply.
“The Family Violence and Cross-Examination of Parties Scheme provides funding certainty for victims of family violence and ensures that their perpetrators will never be able to directly cross-examine them in future,” the Attorney-General said.
The Government has worked closely with and thanks National Legal Aid for its important assistance to accurately cost the Scheme and has followed the information and advice from Legal Aid to ensure that it is well designed for victims of family violence and fully funded.
The number of cases and parties likely to utilise the Scheme was informed by recent research conducted the Australian Institute of Family Studies (AIFS).
The AIFS research indicates that the Scheme would apply to up to an average of 134 matters per annum in the Family Court of Australia, the Federal Circuit Court of Australia and the Family Court of Western Australia.
The Government has allowed for a 20 per cent increase on these AIFS figures, to account for a possible increase in the number of victims of family violence willing to proceed to trial once the Scheme is in place.
As required under the Bill, the legislation will be reviewed after two years and will include an analysis of the costs of providing legal representation under the Scheme to inform its ongoing funding requirements.
As a result of this funding, the Government looks forward to Bill being considered and passed in the Senate in the final sitting fortnight this year to provide certainty to victims of family violence that their perpetrator will never be able to directly cross-examine them in Court.
Further measures being funded from 2019-20 under the Package include:

• $31.8 million in ongoing funding to existing Commonwealth-funded specialist Domestic Violence Units and Health Justice Partnerships across Australia, with an expansion of these services to include financial advice, counselling and literacy services. This will ensure that these important and effective services can continue to provide legal and social support services to victims of family violence.
• $50.4 million in new funding for family law property mediation services:
  • $13 million each year will be provided to the 65 Family Relationship Centres (FRCs) across Australia, on an ongoing basis, to help families reach agreement about splitting their property after separation and keep them out of court.
  • $10.3 million will be provided to Legal Aid Commissions for a two year trial of lawyer-assisted mediation in each state and territory. Using a more relaxed means and merit test, the trial will support families with asset pools of up to $500,000 (excluding debt) to resolve their property disputes with the help of experienced legal aid lawyers.
• $5.9 million in new funding for the federal family courts to conduct a two year trial of simpler and faster court processes for resolving family law property cases with an asset pool of up to $500,000 (excluding debt). Additional court Registrars will be appointed to help separated couples prepare consent orders to be lodged with the court, and a short-form process will be used if the case needs to be decided by a judge.

An estimated 31,850 couples across Australia are expected to benefit from access to property mediation through FRCs and Legal Aid Commissions each year. The Government has been funding FRCs to support families to resolve disputes about children since 2006. This additional funding will allow FRCs to expand their mediation services to include property disputes as well.
“Property cases make up more than half of all new cases filed in the Family Court, and over a third of all new family law cases filed in the Federal Circuit Court, each year,” Ms O’Dwyer said.
“Faster resolution of disputes through mediation and streamlined court processes will reduce the backlog of cases and delays for women and families.”
Currently the same process applies whether the property pool in dispute is worth $10,000 or $100,000. This one-size-fits-all approach is adding to the time, cost and stress of many separating couples. The streamlined process being trialled under the Package will reduce legal fees, leaving more in the property pool to be distributed between the parties, and free up court time to deal with more complex family law matters.
By facilitating faster decisions for families, this new funding supports the Government’s proposed structural reform of the family law courts.
The measures respond to recommendations of the House of Representatives Standing Committee on Social Policy and Legal Affairs’ report: A Better family law system to support and protect those affected by family violence, and proposals under consideration by the Australian Law Reform Commission’s (ALRC) Review of the Family Law System.​​

Andrea Demetriades, Rose Matefeo and Susie Youssef

ABC in association with Screen Australia and Create NSW are pleased to announce filming is underway on the new season of Jungle Entertainment’s Squinters, the acclaimed, hit comedy series that celebrates the comically mundane ritual of the daily work commute.

Created by Trent O’Donnell (No Activity, The Moodys) and Adam Zwar (Wilfred, Lowdown), Squinters season 1 was embraced by critics and audiences alike, becoming ABC iview’s most watched comedy of 2018.* Season 2 picks up with Aussie distribution company ‘Kosciusko’ taken over by an American conglomerate. Under new management, our travellers have new jobs and for some, new passengers along for the ride. Over six episodes, we learn intimate details of their lives, relationships and struggles, as they navigate their new workplace.
A star-studded line-up of new cast includes Stephen Peacocke (Tina Fey’s Whiskey Tango Foxtrot, Wanted), Claudia O’Doherty (Judd Apatow’s Love (Netflix), Inside Amy Schumer), Justine Clarke (House Husbands, The Justine Clarke Show), Genevieve Morris (No Activity), Anne Edmonds (Get Krack!n), Bert LaBonte (The Book of Mormon) and the beloved Ernie Dingo. They join returning cast Logie Award-winner Mandy McElhinney, Sam Simmons, Andrea Demetriades, Wayne Blair, Justin Rosniak, Jenna Owen, Christiaan Van Vuuren, Susie Youssef and Edinburgh International Comedy Festival 2018 winner, Rose Matafeo. And still to be announced…a major American female comedic talent has been cast as the new CEO.
“Like Marlon Brando, my favourite acting involves remaining seated the whole time, so this is a dream role for me,” says new cast addition Claudia O’Doherty.
While fellow newcomer Steven Peacocke says, “The scripts are some of the best stuff I’ve read in ages. Thrilled to be a part of the series.”
From Chloe Rickard and Jason Burrows, the Executive Producers behind the international titles Mr Inbetween and No Activity, the behind the scenes talent line up continues to impress with the team of directors including Trent O’Donnell, Amanda Brotchie, Erin White, Christiaan Van Vuuren and Adele Vuko.  Writers include Adam Zwar, Kodie Bedford, Ben Crisp, Lally Katz, Becky Lucas, Mark O’Toole, Anita Punton, Michael Ward and Joel Slack-Smith.
Squinters season two is currently shooting in Sydney and LA, to air on ABC and iview in 2019.
Production credits: Jungle Entertainment production for the ABC. Production investment from Screen Australia, in association with Create NSW.  Created by Trent O’Donnell and Adam Zwar. Executive Producers Chloe Rickard, Jason Burrows, Adam Zwar and Trent O’Donnell. Producers Chloe Rickard, Lauren Elliott and Johanna Somerville. ABC Executive Producers Rick Kalowski and Andrew Gregory.

Writer of comedy series Gnomes, Tegan Higginbotham / Photo by Carlo Zeccola

Screen Australia has announced over $400,000 of Story Development funding for 16 projects including feature films, television and online series. The slate includes a musical comedy about moral corruption in the advertising industry called The Agency, a comedic horror Gnomes centered on grudge bearing garden gnomes in a fictional regional town, and a thought-provoking feature film Misfit to be produced by Bruna Papandrea (Big Little Lies).

“The new development guidelines have now been in action for five months. We drastically reduced eligibility barriers and will now fund projects for any screen platform. We’ve had a fantastic response from the industry and the number of applications we’re receiving per week is steadily increasing,” said Nerida Moore, Head of Development at Screen Australia.
“As well as innovative and exciting projects from established practitioners, we are starting to see new and emerging voices from around Australia coming through. In this funding round I’m particularly delighted to see so many emerging female writers.”
Of the 16 projects receiving funding 11 projects were funded through the Generate fund, two through the Premium fund, and three were funded through the legacy development program (which is no longer operational).
Among the projects funded for development are:

• Blood Sisters from Mad Dan Productions: An adventure/drama series for online set in Far North Queensland. This thriller follows three teenage girls on the run, bonded by death and united by truth. Blood Sisters has a strong writing team led by acclaimed writer and Story Producer Anthony Mullins (The Strange Calls), along with Kodie Bedford (Mystery Road TV Series), Daniel Mulvihill and Madeleine Dyer. Madeleine and Daniel co-wrote and produced the 2017 online series Sexy Herpes. Stephen Corvini who has worked on dramas including Safe Harbour and Hyde and Seek is on board as executive producer with Enzo Tedeschi (Airlock).
• Breathing Sea from Midwinter Films: A period melodrama set in a remote Australian coastal town in the 1930’s and 40s. The feature film is told as an unfolding mystery shifting between two time periods and follows a couple of fifty years, Marta, a Jewish Immigrant and Jack, an Australian fisherman and solider, who are confronted by death and challenged by a past secret. Producer Bridget Callow-Wright and director Priscilla Cameron are joining forces once again after The Butterfly Tree which was selected to screen at Toronto International Film Festival in 2017.
• Finding Sanity from Sandcastle Studios: A feature film about the true story of the man who risked his life to discover the world’s first treatment for mental illness. Dr John Cade was a young Australian doctor who defied the medical establishment to stir up a miracle that changed the world. This biographical drama is based on the book of the same name by Greg de Moore and Ann Westmore. BAFTA-winning screenwriter Mike Bullen who created and is executive producer on Cold Feet is attached as executive producer and AWGIE-winning screenwriter Chris Cudlipp will write and produce this uplifting film.
• Gnomes from The Two Jons: A character driven comedy with a supernatural twist. The series is written by writer, comedian and actress Tegan Higginbotham (Oddball) and Paul Verhoeven (Steam Punks), with script editing from Marieke Hardy (Laid). Richard Kelly (Shaun Micallef’s Mad as Hell) and John Molloy (Molly) will produce alongside Joel Kohn who will also direct. Joel created the series, which is inspired by his viral short film Gnomes Attack.
• Misfit from Made Up Stories: A feature length drama written and directed by emerging writer and director Luci Schroder whose short film Slapper was selected to screen at Sundance Film Festival in 2017. The film follows Heidi, a woman who suffers intensely from trauma-triggered, dissociative identity disorder, and her experience navigating life as she falls through the cracks in a system that is not designed to support her. The film will be produced by Bruna Papandrea, Jodi Matterson and Steve Hutensky who are currently working on the film adaptation of the critically acclaimed crime novel by Jane Harper, The Dry.
• Splitters from Arcadia: A feminist conspiracy feature film exploring sexism within the cosmetics industry. The all-female creative team comprises of producer Lisa Shaunessy (Killing Ground), executive producer Alexandra Burke, script editor Joan Sauers and writer and director Brooke Goldfinch. Brooke wrote and directed the multi award-winning short film Red Rover and was the recipient of the 2016 Lexus Short Film Fellowship making the short film Outbreak Generation, which was also produced by Lisa Shaunessy and Leonie Mansfield.
• The Agency from Ambiance Entertainment: An outrageous musical comedy set in a trendy advertising agency, focusing on an artistically-stifled jingle writer Sebastian, his eccentric co-workers and his seemingly endless client list, as he battles for authenticity in a world of facades. The writing team is led by co-creator Joel Slack-Smith (Orange is the New Brown), and includes Emmy Award-winning British writer Roger Drew (The Thick Of It, Veep).
• The Gathering from Asphodel Films: A six-part teen drama series about a group of disillusioned teens who discover they have been chosen to battle a centuries-old evil simmering within their small town. The series is an adaptation of the successful novel of the same name by author Isobelle Carmody. It is written and directed by Nicholas Verso (Boys in the Trees) and co-written by Craig Irwin, who worked with Nicholas on the fourth series of Nowhere Boys. Kodie Bedford is on board as a writer and recently co-wrote for the teen drama series Grace Beside Me and critically acclaimed series Mystery Road.

Funding approvals for feature films are listed here 
Funding approvals for television and online are listed here 
Funding approvals for titles funded last financial year including The Breathing Sea, Splitters, and Finding Sanity are here 

The Coalition Government is delivering practical measures to help give women greater choices about their lives, build financial security for themselves and their families, and grow the Australian economy.
Over the past few decades, Australia has taken great strides in improving women’s economic independence and security.
There are more women in work than ever before, with a majority of the more than 1.1 million jobs created since the Coalition came to office taken up by women; this year has also seen women’s participation in the labour market reach record highs – in October 2018, the women’s participation rate was 60.5 per cent; and the gender pay gap is moving in the right direction, down to a record low of 14.5 per cent.
But despite this progress, some problems still persist. Women are likely to earn less than men; they are likely to work part-time at over twice the rate of men; and at retirement age there is a 42 per cent gap in their superannuation balances.
The Women’s Economic Security Statement is built around three key pillars: participation in the workforce, better earning potential and economic independence.
That is why the $109 million Statement is focussed on assisting women at many different points of their lives, in different parts of Australia, and in different circumstances.
It will help equip them with the tools and support they need to make the best choices about their future.
Whether it is boosting entrepreneurship in girls and young women, bringing business together to help reduce the ‘flexibility gap’ and gender pay gap, expanding the parents who can access parental leave payments and the period the payment is taken, or supporting women in their darkest hour with access to the funds they need to escape domestic violence, the Coalition Government is focused on supporting Australian women.
The Women’s Economic Security Statement won’t just give women and their families’ greater choice, it will also grow the Australian economy.
When women do well, their families do well, and our economy and nation prospers.

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The Women’s Economic Security Package ($109 million over four years)
Building on strong foundations

The Women’s Economic Security Package is built around three pillars:

1. Workforce participation
2. Earning potential
3. Economic independence

Measures to increase women’s workforce participation
($54.8 million over four y ears):

• reinstating the Time Use Survey, a contemporary evidence base to measure women’s economic security
• improvements to Workplace Gender Equality Agency systems to enhance Australia’s gender equality data and reduce the cost of reporting for business
• establishing the Reducing Barriers to Work Forum
• increasing flexibility in the Paid Parental Leave system and extending access through changes to the work test
• supporting regional employers through the Career Revive initiative to develop action plans for their business to attract and retain women returning to work after a career break
• providing scholarships for women in economics and finance through the Women’s Leadership and Development Program

Measures to improve women’s earning potential
($18.6 million over four years):

• an expansion of the Curious Minds program
• establishing a Future Female Entrepreneurs program in partnership with the private sector
• creating a new grants program, Boosting Female Founders, to ensure women can access the finance they need to achieve their entrepreneurial goals

Measures to support women’s economic independence
($35.6 million over four years):

• providing Specialist Domestic Violence Units and Health Justice Partnerships, including for financial support services
• extending early release of superannuation for victims of domestic and family violence
• expanding the No Interest Loan Scheme run by Good Shepherd Microfinance to women experiencing family and domestic violence
• funding legal assistance to ensure victims of family violence are protected from direct cross-examination by their perpetrators in family law matters
• improving the visibility of superannuation assets in family law proceedings
• providing family law property mediation
• establishing a new Small Claims Property pilots program

Today, the Leader of the Opposition has written to the Prime Minister urging him to agree to a bipartisan taskforce, led by the Attorney-General and Shadow Attorney-General, to create a National Integrity Commission.
At the beginning of 2018, Labor announced our plan to legislate for a federal anti-corruption body. All year, the Government has ignored our requests for cooperation.
This issue should be above politics. The time has come for the Liberal and National parties to support a federal anti-corruption body.
A bipartisan process would help ensure the complex consultation and design work can be completed swiftly, and a body established as a priority.
In recent years there has been a loss of public faith in government and Commonwealth institutions. The Liberal Party’s chaos and division have further eroded Australians’ trust in politics.
Labor welcomes the support of members of the cross-bench for a federal anti-corruption body. This provides an opportunity to secure broad parliamentary support to establish a National Integrity Commission before the next election, if Scott Morrison and the Liberals finally come on board.
Mr Morrison delayed the Banking Royal Commission by voting against it 26 times. He should not let his arrogance and stubbornness get in the way of a National Integrity Commission.
Mr Morrison should learn from his mistakes, and join with Labor now so we can work on this issue together.
We are prepared to work with the Liberals, but we will not wait for them.
If Mr Morrison continues to block a National Integrity Commission, a Shorten Labor Government will deliver it.
A copy of the letter can be found here.

The Government’s attempt at winning back female support with its women’s economic statement today will fail for its lack of funding and lack of vision, Greens spokesperson for women, Senator Larissa Waters said.
“The women’s economic security statement by the Women’s Minister today contains only minor reforms and pittance of new funding – it equates to a mere four cents per week for adult Australian women. Four cents a week will not fix anything for Australian women.
“The Prime Minister is still nowhere on addressing issues women face, and has been utterly silent on the gender pay gap, rates of domestic violence, and has denied internal bullying of women. His only utterance has been teen-worthy sexualised remarks about Pamela Anderson, for which he still hasn’t apologised.
“Making paid parental leave more flexible is inconsequential when it is still limited to 18 weeks not 6 months, still doesn’t encourage fathers to take more time with their children, and still doesn’t include Super.
“Accessing super early when fleeing DV will still be complex and will simply worsen women’s financial security later in life. And while moves to stop alleged perpetrators cross-examining survivors are welcome, they are long overdue and don’t address the need for vastly more funding so women can access the legal support they need, rather than 40 per cent of callers being turned away.
“What Australian women need to be safe is paid domestic violence leave, a massive funding boost for frontline domestic violence crisis services so no woman is turned away, leadership to drive cultural change so that women are viewed as equals in society, and decent funding for primary prevention of DV.
“What Australian women need to be equal is longer paid parental leave with superannuation, employers to be forced to disclose and close their gender pay gap, equal representation in parliaments and on boards, increased rate of Newstart and for single parents not to be forced onto lower Newstart, affordable and accessible childcare, fairer superannuation taxation, and the right to make decisions about our reproductive health.
“What Australian women need is to not be invisible to Prime Minister Morrison. Get on board or get out of the way,” concluded Senator Waters.

On this year’s Transgender Day of Remembrance, Greens LGBTIQ+ spokesperson Senator Janet Rice acknowledged the importance of the day and paid her respects to the trans and gender diverse people who are no longer with us.
Senator Rice also called on Prime Minister Scott Morrison to apologise to all trans and gender diverse Australians for the hurt and damage his past actions have caused.
“This Trans Day of Remembrance I remember the beautiful trans and gender diverse people we have lost because our society refused to celebrate them,” Senator Rice said.
“It is devastating that in Australia and around the world trans and gender diverse people continue to face daily discrimination, violence and vilification.
“Is this any wonder when transphobic, hateful bigots like Donald Trump and Jair Bolsonaro have been elected into high office around the world?
“Here in Australia we have a Prime Minister who labelled a program to help teachers support trans and gender diverse kids as ‘gender whispering’, saying we should ‘let kids be kids’.
“These kind of statements from our Prime Minister and elected leaders contribute to trans and gender diverse people suffering worse mental health outcomes than their cisgender peers and the high rate of self-harm and suicide of trans and gender diverse people.
“I call on the Prime Minister, Scott Morrison, to use today to reflect on the hurt and damage his past actions have caused and apologise to trans and gender diverse Australians.”
Senator Rice also recommitted the Greens to working with the trans and gender diverse community to fight discrimination and realise their rights.
“To trans and gender diverse Australians I say the Greens will always fight alongside you to make your lives easier and safer, so you can thrive and access the health and support services you require.

The Liberal National Government is providing an additional $51.5 million to the Commonwealth Director of Public Prosecutions (CDPP) and the Federal Court of Australia to enable further prosecutions of criminal misconduct by banks and other financial institutions and to ensure civil claims are dealt with effectively and expeditiously.
ASIC’s increased enforcement activity, stemming from the additional $70 million in funding from the Liberal National Government, is expected to give rise to more prosecutions by the CDPP and more civil corporate misconduct cases before the Federal Court. This includes cases highlighted by the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.
As part of this funding boost, an additional $41.6 million will be provided to the CDPP over eight years. This funding will allow the CDPP to consider more prosecutions put forward by ASIC and hire additional prosecutors to manage the increased caseload. This additional funding will also allow the CDPP to prosecute cases faster to ensure individuals and companies that have broken the law face justice sooner.
A further $9.9 million will also be provided to the Federal Court of Australia over four years to fund the appointment of additional resources including two new judges to support civil cases. These appointments will enable the Federal Court to accommodate an increase in disputes with financial institutions as well as civil claims resulting from ASIC’s increased enforcement activity.
The Government has also asked the Attorney-General’s Department (AGD) to conduct a review of whether the Federal Court’s criminal jurisdiction should be expanded to include corporate crime. Any criminal prosecutions for misconduct by banks and other financial institutions are currently heard in state courts and hence have to compete with state cases for resources and scheduling. The creation of this additional criminal jurisdiction in the Federal Court would allow these prosecutions to be prioritised and penalties for breaches of the law to be handed out faster. The AGD will consult with relevant stakeholders including the states in undertaking the review and provide its report to the Government in January next year.
Further, the Government will establish a Committee of Regulatory Enforcement Strategy chaired by the Attorney-General’s Department and comprising representatives from the relevant agencies that regulate the financial services sector. These agencies will meet on a regular basis to discuss enforcement matters in the sector and provide feedback to the Government on regulatory and civil enforcement policy.
These initiatives and the additional funding underscore the Liberal National Government’s commitment to ensuring that these agencies and our broader justice system are appropriately resourced to effectively hold banks and other financial institutions to account for misconduct. A strong financial sector which is trusted by Australians is part of the Coalition’s plan for a stronger economy.