Foreign Investment

Challenging the power of big multinational companies.

Advocating Greater Transparency & Accountability

Pete has been a strong advocate for greater transparency and accountability around foreign ownership and the signing of free trade deals. Along with former Greens leader, Christine Milne, he has consistently questioned the benefits of globalisation and highlighted the risks to our nation’s sovereignty of mega-trade deals such as the Trans-Pacific Partnership agreement.

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foreignInvestment

Wins

Established the world’s first parliamentary inquiry into banning secret Investor-State Dispute Settlement (ISDS) clauses set up to allow multinational corporations to sue sovereign democratic governments if they don’t agree with new laws.

 

Initiated a Senate inquiry into Australia’s outdated and dangerous treaty-making process used to secure free trade deals to the exclusion of democratically elected parliaments.

 
Established a Senate inquiry to examine the Foreign Investment Review Board.
 

Established a Senate inquiry to examine the foreign investment process in Australia.

 

Wants

Ensure that conditions agreed to by foreign buyers of Australian land and assets are met.

 

Include reporting on the value of land in the register of foreign ownership.

 

The trade and treaty-making process to be revised to give more power to parliaments and to remove secrecy.

 

End the carve-out for real estate agents, lawyers and accountants that exempts them from anti-money laundering laws. This exemption allows black money to corrupt investment markets, especially real estate.

We respectfully acknowledge the palawa people as the Traditional Owners and ongoing custodians of lutruwita/Tasmania, pay tribute to all Aboriginal and Torres Strait Islander people, and give respect to the Elders past, present and emerging.

Authorised by P. Whish-Wilson, The Australian Greens, 37 George St, Launceston Tas 7250.