"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".
Starbucks is opening a store in China every 15 hours
The Roastery cafe includes three wooden coffee bars and a dedicated bar that offers China's traditional drink, tea. It will also host the Teavana Bar - its first outlet in China specifically offering a range of Chinese teas.
Stunning new super SUV - the Lamborghini Urus
Just like other Lamborghini's the Urus name is also derived from bulls, which is an extinct wild ancestor of domestic cattle. When the Lamborghini Urus arrives in Australia in mid 2018, it'll be priced from $399,000 plus options and on road costs.
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.
Protective order filed against OU running back Rodney Anderson
Heading into the national semifinals against Georgia on January 1, it appears Oklahoma has another bad situation on its hands. A woman filed a victim's protective order against Oklahoma running back Rodney Anderson on Monday in Cleveland County court.
1 dead in school bus crash outside Savannah
The Georgia State Patrol was investigating and said "charges are pending" in the crash, which involved no other vehicles. Stay with WSBTV.com and watch Channel 2 Action News at Noon for updates on this developing story.
Mueller subpoenas Deutsche Bank over loans to Trump
FILE PHOTO: The headquarters of Germany's Deutsche Bank is seen early evening in Frankfurt, Germany, January 26, 2016. Deutsche Bank is not the only Trump-related business interest that is attracting the attention of investigators.