Forget drugs, extortion or prostitution. If the makers of the Underbelly TV series are looking for new worlds of organised crime, they need look no further than Prime Minister Kevin Rudd's policy to cut greenhouse gas emissions.
The Australia Financial Review reports that Simon Harrison, a partner at law firm Herbert Greer, says emissions trading could end up providing a bigger headache for the Australian Federal Police than tax fraud.
"The national carbon-trading scheme is a huge market which is expected to be worth billions of dollars in Australia and trillions of dollars around the world in the next five to 10 years," he said. "So as the AFP have quite rightly pointed out, if someone is rorting the scheme by even 1 per cent, we're talking multimillion-dollar fraud."
Mr Harrison said criminals could cheat the carbon market by fudging readings from emissions metres, bribing auditors or fiddling with the pollution baselines for projects.