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Future Fund must divest from Adani

The Future Fund must divest the $3 million it has put into a railway for the climate-destroying Adani coal mine, the Greens say.

Greens Economic Justice Spokesperson Senator Nick McKim said.

"This is public money and should be invested for the public good."

"Having already ruled out investing in tobacco products, the Future Fund must urgently get out of fossil fuels."

"This is a bad investment financially, morally and environmentally. To use public funds to cook the planet is an extraordinary error of judgement."

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Anti-money laundering laws

The Government and Labor have again wasted an opportunity to include real estate agents, accountants and lawyers subject to mandatory reporting of money laundering.

"We have been waiting 14 years for this badly needed reform," Greens Economic Justice spokesperson Senator Nick McKim said.

"Dirty money is flooding Australia's property market, helping to push house prices even higher, and making owning a home even more difficult for too many Australians."

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National accounts show government spending must continue

Today’s national accounts figures show that government support for people who need it most must continue, Greens economic justice spokesperson Senator Nick McKim says.

 

 

“These figures show it was government spending that propped up the rest of the economy,” Senator McKim said.

“And even then, we are still way behind where we were before the pandemic hit. Millions of Australians are unemployed or underemployed.”

“As the OECD has made clear, now is not the time for the government to cut spending.”

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Senate casts doubt on proposed changes to lending laws

Media Release: Senate casts doubt on proposed changes to lending laws

November 9, 2020

The Senate today supported a Greens motion condemning the government for abandoning the key recommendation of the Banking Royal Commission.

“The Senate has today cast doubt on whether the government has the numbers to tear up responsible lending obligations, which was one of its major budget announcements,” Greens Economic Justice spokesperson Senator Nick McKim said.

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RBA lodges a vote of no confidence

The RBA’s decision to cut interest rates to new historic lows and start a new round of quantitative easing is a vote of no confidence in the Government’s recovery plans, Greens Economic Justice spokesperson Nick McKim says.

“This decision shows the RBA has no faith in the Liberals’ agenda of tax cuts for the super wealthy and more handouts for the big corporate polluters,” Senator McKim said.

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Liberal & Labor put millionaires before the million unemployed with deal to pass tax cuts

Leader of the Australian Greens Adam Bandt & Economic Justice Spokesperson Nick McKim have today slammed a deal between the Labor and Liberal parties to ram through tens of billions of dollars in tax cuts and corporate welfare.

Liberal & Labor also opposed Greens amendments that would have excluded millionaires from the tax cuts, and ensured goods purchased with company tax credits were made in Australia.

“Liberal and Labor have put the millionaires ahead of the million unemployed,” said Mr Bandt.

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Budget shows cuts to humanitarian intake

Cutting 20,000 places from Australia's humanitarian intake is cruel and unnecessary, Greens Immigration spokesperson Nick McKim says.

"The Liberals' decision to reduce Australia's humanitarian intake from 18,750 to 13,750 for the next four years is devastating to displaced people around the world and the millions of Australians who want a compassionate refugee policy," Senator McKim said.

"That is 20,000 men, women and children who will remain displaced because of deliberate decisions taken by this Government."

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Budget Media Release: Senate must block trickle-down tax cuts that deliver for millionaires while leaving millions behind

The Greens are calling on Labor and the crossbench to block key elements of a terrible trickle-down Budget that spends big but spends badly, said Greens Leader, Adam Bandt MP, and Treasury spokesperson, Nick McKim.
 
The Greens said the Budget fails to invest in a green recovery to tackle the climate crisis, grow new industries and create jobs. The budget gives young people the finger and actively engineers a worse world for our children.
 

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Lending changes are foie gras for banking

Greens Economic Justice spokesperson, Senator Nick McKim, responded to reports today that the government will loosen lending standards and relieve the banks of responsibility for determining a customer’s loan capacity to service a loan.

“Today’s announcement shows exactly where this government’s allegiances lie," Senator McKim said.

“The day after Westpac received the largest corporate penalty in Australian history, the government is changing the rules to benefit the banks."

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