If you read this document carefully, you will understand why a ‘corporate code of conduct’ is meaningless in the context of the detention industry:
A brief update on where things are at with the UniSuperDivest campaign.
UniSuper have stated, contrary to repeated suggestions by the NTEU, that “there is no exclusion in place” with regard to investments in companies involved in offshore processing. This means that UniSuper have not divested. For more info, see UniSuperDivest campaign and DivestFromDetention.com . More info below. Continue reading “#UniSuperDivest Update: Divest Now! | #NTEU #highered”
RAC-Vic recently posted an Open Letter on the renewed push by the Greens and GetUp’s ‘No Business In Abuse’ to remove children from detention. Continue reading “Response to @RACVictoria’s “Open Letter to the Refugee Movement” by @xBorderOps”
Allan Gray is Transfield Services’ largest investor, with a stake close to $100 million, as reported three days ago. That figure wiil have diminished recently, with the decline in Transfield Services’ shareprice. Allan Gray is a global investment fund that originated in South Africa and is presently registered in Bermuda. It is also the second-largest shareholder of Fairfax Media. It is part of the Orbis Group.
With the recent divestments by the superannuation funds HESTA and NGS Super, Transfield Services has been under scrutiny from the Australian Council of Superannuation Investors (ACSI). Continue reading “Transfield Lobbies Australian Council of Superannuation Investors (ACSI) To Stem Divestments”
Bernard Mees, a member of the Consultative Committee of UniSuper, recently published an article in The Conversation.
Here are two comments on that article: Continue reading “How Managed Is The Conversation On #UniSuper?”
On August 17th, Transfield Services (TSE) issued a statement to the Australian Stock Exchange (ASX). This statement was not a media release but a compliance report in line with stipulations of the Corporations Act and ASX governance rules.
On August 18th, the sixth-largest superannuation fund in Australia (HESTA) announced that it was divesting from Transfield Services. This follows similar announcements by at least two smaller funds in the previous two years. Continue reading “Four Things You Should Know About #HESTAdivest #NauruInquiry #Transfield #UniSuper”
Less than a day after HESTA announced that it would divest its holdings in Transfield Services, the Australian Financial Review has run an editorial critical of that move. [here] Continue reading “Australian Financial Review Loses Its Mind Over #HESTADivest. Why would that be?”
Transfield’s $1.2 billion contract to run the detention centres on Manus and Nauru is set to expire on October 31st 2015.
As a consequence, there is a great deal of maneuvering going on, most of it behind the scenes. Let’s be clear: for Transfield and rival bids, the stakes are billions of dollars in contracts — not people’s lives.
There are two things that arise as a result of the contract tender process: Continue reading “Warning: #Transfield, the Detention Industry Are In the Contract Spin-Cycle”
Where a person is no longer loyal to Australia and its people, and engages in acts that harm Australians or Australian interests, or engages in acts that are intending to harm Australian or Australia’s interest, they have severed that bond and repudiated their allegiance to Australia. – Australian Citizenship Amendment (Allegiance to Australia) Bill 2015, Explanatory Memorandum.
A Roundtable Analysis of the Citizenship (Allegiance to Australia) Bill 2015, Sanmati Verma, Angela Mitropoulos and Anastasia Kanjere. Continue reading “The Insecure Bonds of White Australia – Citizenship (Allegiance to Australia) Bill”
This is the text of the motion passed by the Australian Nursing & Midwifery Federation (Victorian Branch) Delegates’ Conference yesterday:
That this conference request ANMF (Vic Branch) to lobby First State Super and HESTA superannuation funds to divest themselves of investments in organisations whose business interests directly or indirectly breach the human rights of those seeking asylum.
via Tara Nipe. Well done!