said on Thursday that it will rush through new legislation after a court ruled the way
it freezes the bank accounts of suspected terrorists was unlawful.
minister Sarah McCarthy-Fry said in a statement that temporary
legislation should be passed next week, and that Parliament will then
consider a longer-term solution.
The Supreme Court ruled last
week that the asset-freezing system was unlawful. At a hearing
Thursday, it said the previous laws must be overturned immediately.
however, will not be able to withdraw money before new legislation is
passed, after the Treasury asked banks to cooperate in the meantime.
McCarthy-Fry says about 150,000 ($238,000) of assets held by terrorism
suspects has been frozen.
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