"Foreign interference is a global issue. for example, we're all familiar with very credible reports that Russian Federation sought to actively undermine the United States' election. the threat is real", Turnbull said.
"Being registered should not be seen as any kind of taint and certainly not as a crime", Mr Turnbull said.
"This will be the most significant overhaul of our espionage, counter intelligence, political donation legislative framework in decades", he told reporters in Canberra. Criminal penalties await those who will fail to do so.
Australia and neighbouring New Zealand are among roughly a third of countries worldwide that allow foreign donations to political parties.
Under the new laws, the offence of espionage will cover not only the passing on of information, but possessing and receiving it as well. "This activity is being directed against a range of Australian interests, from our political systems, to our commercial interests, to expatriate communities who have made Australia their home".
"If you act covertly on behalf of a foreign actor, in a way that harms Australia's national security, to influence the political process, or a Government decision, that conduct will be criminalised", Senator Brandis said. He cited "disturbing reports about Chinese influence".
Marathon Oil (MRO) Given Daily News Impact Score of 0.12
Investors measure stock performance on the basis of a company's earnings power. 34,624 are held by Sigma Investment Counselors. It improved, as 48 investors sold FB shares while 553 reduced holdings. 36 funds opened positions while 58 raised stakes.
Senator Brandis said under the new legislation, former trade minister Andrew Robb would need to register under the transparency scheme.
"If GetUp! were to change focus, if they were to stop involvement in political campaigning in the future and become a charity [and] only be involved in non-political activities, then they would be absolutely free to receive and use foreign donations", Senator Cormann said.
Under the new laws, it will be a crime for a person to engage in conduct on behalf of a foreign principal that will influence a political or governmental process, including opposition party policy, and is either covert or involves deception.
GetUp! said in a statement only 0.5% of its donations come from overseas.
China has declared it does not interfere in the domestic affairs of other countries and Beijing has urged the Turnbull government to "discard prejudice" and deepen the bilateral relationship rather than pursue measures aimed at shoring up Australia from the risks of foreign interference.
"Similarly, it does not prevent charities from engaging in political activities in Australia, as long as the political expenditure incurred to fund that political activity is raised from Australians".
Anyone who engages with Australian politics on behalf of a foreign state will be required to register their ties. "I have discussed the horrors of the Cultural Revolution and denounced plans for Mao commemoration concerts in Australia".
USC highlight of non-playoff bowl games
This is the first time the Cotton Bowl Classic involved two conference champions since 1987 when Ohio State defeated Texas A&M. The Nittany Lions and Huskies both finished 10-2 and will meet at University of Phoenix Stadium on December 30.
AMD Always Connected PCs will include Qualcomm modems
Contrary to what you might expect, the new Windows 10 ARM computers don't look hugely different from their Intel counterparts. The company didn't give many details about the processor but said Samsung's foundry business will be manufacturing the chip.
Regal Entertainment to be acquired by Cineworld
Regal Entertainment Group has a beta of 0.98, offering the possibility of a higher rate of return, but also posing more risk. The acquisition is expected to be strongly accretive to earnings in the first full year following Completion in fiscal 2019.
House of Cards is back, baby! But without you know who…
On Nov. 26, Media Rights Capital announced that it had extended its production hiatus for another two weeks until December 8. Production on the eight-episode sixth season had been hold due to allegations of sexual misconduct made against Spacey .