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ANZ’s entry into Financial Advice mess shows Royal Commission still needed

The Greens spokesperson for Consumer Affairs, Senator Peter Whish-Wilson, says that revelations that ANZ charged 8,500 clients for a service they never received shows that more needs to be done to root out problems in the sector.

Senator Whish-Wilson said, “It has only taken a few Senate inquiry hearings to pressure the banks to reveal systemic problems within the financial advice sector.

“Imagine what might be exposed if a Royal Commission was established and given powers to investigate the sector properly.

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Competition regulator must oppose iiNet/TPG merger

The proposed merger of two of Australia's last remaining independent Internet Service Providers will have a sharply negative impact on the level of competition in Australia's broadband market and must be opposed by the Australian Competition and Consumer Commission.

"I will be reminding the ACCC of its obligation to directly prohibit acquisitions which would be likely to have the effect of "substantially lessening competition in any market," Australian Greens Communications spokesman Senator Scott Ludlam said this morning.

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Speech: Export Finance and Insurance Corporation Amendment (Direct Lending and Other Measures) Bill 2014

Senator RHIANNON (New South Wales) (09:43): The first part of the Export Finance and Insurance Corporation Amendment (Direct Lending and Other Measures) Bill 2014 does extend the mandate of Efic's activities from supporting the export of capital goods, to all goods. So we are really going from a situation where so many of Efic's loans went for large mining projects and the infrastructure that supported them, and other related projects, to really being about services, consumer goods and many aspects of what are called SMEs, small and medium sized enterprises.

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New food labelling laws urgent - Greens

Greens Leader Christine Milne has a food labelling bill ready to go and says the time is ripe for the Coalition government to help pass it.

"We have people being diagnosed with Hepatitis A from eating contaminated imported food, and we have people saying they don't know how to tell if they're buying Australian food. Let's fix the system," said Senator Milne.

"Big supermarkets and overseas food corporations have made it really difficult to know where our food comes from.

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Greens ramping up push for country of origin food labelling

This Australia Day weekend, Greens Leader Christine Milne is ramping up the campaign for country of origin food labelling to support Australian farmers and workers.

Senator Milne has announced that she will re-introduce the Greens bill for mandatory labelling as soon as parliament returns.

"Australia's farmers and food manufacturers are under pressure. Everyone wants to support our farmers and workers by buying local products but our current labelling is too confusing," said Senator Milne.

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Murray to Government on FoFA: Wrong way, Go back.

Greens spokesperson for Consumer Affairs, Competition Policy and Small Business, Senator Peter Whish-Wilson provides the following comments on release of the Murray Financial System Inquiry final recommendations today.

Senator Whish-Wilson said, “The vast number of recommendations contained within the Murray Inquiry to provide better protections to consumers, justifies the strong stance the Greens have taken on the Future of Financial Advice laws (FoFA).

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Timbercorp and the MIS Senate Inquiry: this is just the beginning

The Greens spokesperson for Consumer Affairs, Competition Policy and Small Business, Senator Peter Whish-Wilson provides the following comments about today’s explosive hearing into Managed Investment Schemes (MIS) held at Melbourne Town Hall.

Senator Whish-Wilson said, “Never before have I seen so many people turn up and watch a Senate Inquiry public hearing. Today alone justifies the efforts by the Greens to instigate this inquiry.

“I want to thank all the victims of the Timbercorp collapse who braved the Inquiry to give their heart-wrenching evidence.

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