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Abbott fails to act on Treasury Secretary's call on housing bubble

Under questioning from the Greens Spokesperson for Finance, Senator Peter Whish-Wilson, the Treasury Secretary John Fraser said that, for Sydney and parts of Melbourne, the housing market was ‘unequivocally’ a bubble.

When Senator Whish-Wilson later questioned the Reserve Bank, Assistant Governor Malcolm Edey added that “…a lot of people do think it’s a bubble – serious people think that – and we agree that this is a situation where the market is strong, it’s overheated, it’s a risky situation…”

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Greens welcome ACTU intervention in the TPP debate

The Greens spokesperson for Trade, Senator Peter Whish-Wilson, enthusiastically welcomes the ACTU passing a motion at their National Congress today calling on the Australian Government to release the Trans-Pacific Partnership (TPP) text or to withdraw Australia from negotiations. Senator Whish-Wilson addressed ACTU members at a TPP breakfast yesterday.

Senator Whish-Wilson said “Today the ACTU unanimously passed a motion calling on the Australian Government to release the TPP text or to withdraw from negotiations.

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Australian Senate calls for a cost-benefit inquiry into the impact of the TPP

Last week the Australian Senate called on the Australian Government to request that the Productivity Commission undertake a comprehensive socio-economic cost-benefit inquiry into the impact of the Trans-Pacific Partnership Agreement on Australia.  See Senator Whish-Wilson's motion below which was passed by the Senate.

Senator Whish-Wilson amended general business notice of motion no. 695 by leave and, pursuant to notice of motion not objected to as a formal motion, moved - That the Senate-

    (a)   notes that the Malaysian Government:

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Leaked TPP text confirms worst fears over secretive trade deal

Greens spokesperson for Trade, Senator Peter Whish-Wilson, provides the following comments on today’s leak of the Investment Chapter of the Trans-Pacific Partnership (TPP) agreement that indicates the deal will include the controversial and dangerous Investor-State Dispute Settlement (ISDS) clause.

Senator Whish-Wilson said, “The Senate recently heard evidence that ISDS clauses are now proving dangerous, with hundreds of cases proliferating around the world in recent years.

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