Points for submission on the Trade and Foreign Investment (Protecting the Public Interest) Bill 2014
On March 5th, Greens Senator Peter Whish-Wilson introduced the Trade and Foreign Investment (Protecting the Public Interest) Act 2014 into the Senate. The purpose of the Bill is to protect Australian laws by banning provisions which enable foreign investors to sue governments if domestic laws “harm” their investment, known as ISDS.
AFTINET is encouraging our members and supporters to make a submission in support of the bill. We have prepared a summary of 6 points in support of the intention of the Bill to assist people and organisations who want to make submissions. The document includes references and details on why the government’s “safeguards” in the Korea FTA won’t work.
Please note, since we published this summary UNCTAD has released their latest report titled Recent developments in Investor-State Dispute Settlement.
Submissions should be sent to:
The Committee Secretariat
Foreign Affairs, Defence and Trade Committee Department of the Senate
Post to: PO Box 6100, Parliament House, Canberra ACT 2600
Email to: firstname.lastname@example.org
Fax: +61 2 6277 5818
For more information phone: Phone: +61 2 6277 3535
Submissions close on 11 April 2014.
You can view a list of all submissions here.