People will have to start keeping their receipts and a paper trail of their possessions— like jewellery— once the Explain Your Wealth Bill gets going, Independent Senator Anthony Vieira has recommended.
Vieira made the suggestion during Monday’s Senate debate of the Explain Your Wealth Bill.
He also recommended compensation should be paid to people when their property rights are intruded upon. Vieira said this should be done as part of any case in court since people would have gone through the agony of having to prove their wealth’s source.
Disagreeing with UNC Senator Wade Mark, he said the bill will indeed cover “jacket and tie” types and “St Clair marauders.” He said legislation like the bill arose in the UK when Russian oligarchs began buying up UK properties.
“We have a similar problem here. We’re seeing people with properties and driving fancy cars and