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]
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 […]
Recent weeks have seen the introduction and review of laws designed to protect the operations of Australia’s immigration detention system, as well as the launching of the disturbing new Border Force agency. The Australian Labor Party (ALP) leadership also now look set to push through changes to their party’s position on boat turnbacks at their […]
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 […]
A meeting was called by the NSW National Tertiary Education Union (NTEU) at the University of Technology Sydney on August 14 to discuss UniSuper’s divestment from Transfield. UniSuper is the superannuation fund all NTEU members are mandated to invest their retirement savings in under the terms of Enterprise Bargaining. It is co-directed by Australian University […]
Below is the text of the preamble & motion that was passed at UMSU: Background: Australia’s border regime and its reliance on mandatory indefinite immigration detention is the target of frequent, global condemnation as unjust, cruel, and illegal. Offshore immigration detention centres on Christmas Island, Manus Island, and Nauru have been singled out for particular […]
The National Australia Bank (NAB) and its associated entities such as MLC, have a substantial shareholding in Transfield Services Ltd.
Below is a reply to a query about UniSuper investments in Transfield specifically.
UniSuper has the following connections to the Australian Government’s “detention network.” This does not rule other links. There is information below that would be useful to anyone wanting to ask questions about where their retirement funds are invested and how – and those looking to draft motions for their union branch. If you need further clarification, […]