Mark Dreyfus says the government's anti-corruption commission legislation honours its election commitment 'in both form and substance'. Is that correct?

The claim

In opposition, Labor vowed to deliver on a key election commitment where the Coalition had so far failed: establishing a national anti-corruption commission.

In September, Attorney-General Mark Dreyfus introduced legislation to establish the National Anti-Corruption Commission telling parliament the bill represented a fulfilment of Labor's election promise.