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Future Fund tobacco investment should be reviewed: Greens

Rachel Siewert 24 Mar 2011

The Australian Greens have expressed disappointment with the Government and Coalition’s reluctance to support a motion calling for a review of the Future Fund’s investment criteria.

Senator Rachel Siewert, Australian Greens Health spokesperson put the motion after it was revealed that the Future Fund holds over $100 million worth of investments in overseas tobacco companies.

“I was amazed by revelations regarding the Future Fund’s investment in Big Tobacco,” said Senator Siewert. “There's no doubt that such an investment is ethically and financially flawed.”

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Future Fund tobacco investment unethical: Greens

Rachel Siewert 12 Mar 2011

The Australian Greens believe the Federal Government's Future Fund should be subject to revised investment criteria after it was revealed that the Fund holds over $100 million of shares in overseas tobacco companies.

Senator Rachel Siewert, Australian Greens Health Spokesperson said today that the investments were ethically and financially flawed.

"We're trying to break the hold of tobacco on our society and yet for every packet of cigarettes sold, the Futures Fund is better off," Senator Siewert said today.

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Big Tobacco running up big bill to block reforms

Rachel Siewert 25 Feb 2011

The Australian Greens say Big Tobacco is continuing a costly and time consuming campaign to block anti-smoking reforms.

Senator Rachel Siewert, Australian Greens Health spokesperson says documents tabled in Senate Estimates reveal the excessive requests under FOI to the Department of Health and Ageing - including detailed requests initially costed at over $1.4 million before taxpayer funded negotiations with Big Tobacco saw this figure reduced to around $360,000. 

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Tobacco FOI Requests

Rachel Siewert 23 Feb 2011

Community Affairs Wednesday 23 February

Ms Halton—Senator Siewert asked whether we had received any new FOI requests.

Senator SIEWERT—Yes.

Ms Halton—Since the last committee session the department received one new request which was subsequently withdrawn by the applicant. There are 16 requests currently being processed and an updated list is available for tabling. You asked about costs?

Senator SIEWERT—Yes.

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Australian National Preventive Health Agency Bill 2010

Senator SIEWERT (Western Australia) (1.14 pm)—The Greens believe that the real challenge for our health system, now and into the future, is managing illness in a way that keeps people out of hospital and well. We believe the evidence is overwhelming that our health policies should focus on keeping people well, preventing illness and better managing illness in the community. We very strongly believe in preventative health measures—and, of course, helping to keep people well is where preventative health comes in.

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