Senate debates

Tuesday, 15 September 2015

Bills

Asian Infrastructure Investment Bank Bill 2015; In Committee

6:06 pm

Photo of Peter Whish-WilsonPeter Whish-Wilson (Tasmania, Australian Greens) Share this | Hansard source

The full national interest analysis suggests very strongly that we will, but the report that I was given as a member of JSCOT said it was not certain that it would be finalised. So that is good to know.

In relation to having to having a seat on the board and having a leadership role to play in the bank, I ask again about environmental and social and ethical safeguards to investment and when those will be finalised. What process will we go through in having input into those? Do we have any triggers in place to raise concerns around particular investments?

Today I gave the example of investing in dams in Sarawak, and the problems of displacement of local people and environmental damage. These kinds of things are very important to my party. So before we support the Australian taxpayer putting money into this I would like to know that there will be safeguards in place.

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