Future Fund investments must be subject to FOI laws

The Australian Greens MPs

The Federal Government has comprehensively failed to make the case for trying to exempt the Future Fund’s investments from Freedom of Information laws.

“We need far greater scrutiny of the Future Fund’s investment decisions, not less,” Greens Economic Justice Spokesperson Senator McKim said.

“It is through the Freedom of Information scheme that we learned of the Future Fund’s $3.2 million investment in Adani Ports.”

“The Government has completely failed to justify this exemption, and it is clearly trying to keep the investments away from public scrutiny.”

“The Greens will oppose this legislation and we urge Labor and the crossbench to join us.”

“This is public money, and the public have a right to know how it is being invested.”

The Greens’ additional comments on the Investment Funds Legislation Amendment Bill 2021 [Provisions] can be found here.

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