Senator WONG (South Australia—Minister for Foreign Affairs and Leader of the Government in the Senate) (14:39): Thank you. I'm advised of a number of things, which I will, in the interests of assisting the Senate, outline. First, we are committed to working closely with small businesses and other stakeholders on these reforms, and there have been two rounds of consultations and meetings with industry stakeholders. The second point I would make is Australia has been singled out by the global Financial Action Task Force as one of only three jurisdictions in the world who do not meet Financial Action Task Force requirements, which puts us at risk of being greylisted, which would have negative economic impacts, including a reduction in credit rating, and consequences for foreign direct investment and international banking connections as the country is perceived to be high risk. These are the risks that we are trying to deal with. We obviously will— Senator Cash interjecting— The PRESIDENT: Senator Cash! Seriously! You've asked your question, now listen in silence. Minister Wong, please continue. Senator WONG: There are obviously very substantial risks to the economy if we don't do this, very substantial benefits to criminals if we do. Again, we will work through this with small business— (Time expired) Senator O'Neill interjecting— The PRESIDENT: Senator O'Neill, your running commentary is also unhelpful. Senator Wong: She's briefing. The PRESIDENT: She needs to brief in silence. Senator Cash, second supplementary?