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Government to weaken consumer protections in FoFA via regulation backdoor

Greens Spokesperson for Consumer Affairs, Competition Policy and Small Business, Senator Peter Whish-Wilson responds to the Government’s plans to water down consumer protections in the Future of Financial Advice (FoFA) laws via the backdoor of regulation, instead of subjecting the changes to full Parliamentary scrutiny.

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Abbott left in Obama's wake as US acts on ocean conservation

The United States has taken further lead on climate, science and conservation with President Barack Obama using his executive powers to declare additional marine protected areas and increasing research funds for monitoring ocean acidification as part of push to deal with the impacts of pollution, climate change, and overfishing in our oceans.

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Liberal Senators ignore concerns of Consumer and Seniors groups on FoFA reforms

Greens spokesperson for Consumer Affairs and Small Business, Senator Whish-Wilson, says the Liberal Senators Inquiry report on the Future of Financial Advice (FoFA) Bill have sided with the big banks over consumers and seniors.

Senator Whish-Wilson said, “From the very beginning the Liberal Government has been looking to deliver for its donors in the banking sector by unwinding consumer protections in the field of financial advice.

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Urgent need for mandatory supermarket Code of Conduct

Senator Peter Whish-Wilson, Greens spokesperson for Competition Policy, Small Business and Consumer Affairs responds to the ACCC pursuing claims that Coles has been illegally squeezing some of its suppliers to help keep its prices down while maintaining its profits.

Senator Whish-Wilson says “These claims reinforce the need for a mandatory Code of Conduct for supermarkets to prevent them riding roughshod over their suppliers.

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Senator responds to ASIC admission that “We haven’t given up” on John Gay proceeds of crime

Today in Senate Estimates, under continued questioning from Tasmanian Greens Senator Peter Whish-Wilson, ASIC have admitted that the John Gay proceeds of crime action is still alive.

Chris Savundra, Senior Executive Leader Markets Enforcement, ASIC said “proceeds of crime remains a live issue. We are in dialogue with the Commonwealth Director of Public Prosecution”.

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Australia can't afford an Abbott Government failure to deliver the “cash-for-containers” economic windfall

Today Australian Greens Senator Peter Whish-Wilson called on Environment Minister Greg Hunt to outline his new plan for delivering the economic, social, and environmental windfalls of a Container Deposit Scheme (CDS) given the Standing Council on Environment and Water (SCEW) was disbanded this month.

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New retailer-supplier code a step in the right direction

"A voluntary code is a good first step but given the marked concentration of power and lack of competition in the Australian supermarket sector voluntary measures are unlikely to be enough to address misuses of market power by the two supermarket giants.

"As the market share of Coles and Woolworths has grown, they have squeezed the margins of some suppliers and put pressure on many farmers and local manufacturers. Small local shops are struggling to compete and consumers' favourite brands have disappeared from the shelves.

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