Australia

3533 readers

306 users here now

A place to discuss Australia and important Australian issues.

Before you post:

If you're posting anything related to:

The Environment, post it to Aussie Environment
Politics, post it to Australian Politics
World News/Events, post it to World News
A question to Australians (from outside) post it to Ask an Australian

If you're posting Australian News (not opinion or discussion pieces) post it to Australian News

Rules

This community is run under the rules of aussie.zone. In addition to those rules:

When posting news articles use the source headline and place your commentary in a separate comment

Banner Photo

Congratulations to @[email protected] who had the most upvoted submission to our banner photo competition

Recommended and Related Communities

Be sure to check out and subscribe to our related communities on aussie.zone:

Plus other communities for sport and major cities.

https://aussie.zone/communities

Moderation

Since Kbin doesn't show Lemmy Moderators, I'll list them here. Also note that Kbin does not distinguish moderator comments.

Additionally, we have our instance admins: @[email protected] and @[email protected]

founded 1 year ago

MODERATORS

[email protected]

Future Fund exposed to dangerous Chinese investments with links to human rights abuses and national security threats, audit finds (web.archive.org)

submitted 11 months ago by [email protected] to c/[email protected]

3 comments fedilink hide all child comments

According to an audit conducted by opposition senator James Paterson in August, the $200 billion sovereign wealth fund first forayed into Chinese markets in 2007, but its investment exposures grew as China developed into a critical financial market.

Stakes in over 50 Chinese companies associated with the People's Liberation Army, involved in the oppression of Uyghurs in Xinjiang, and invested in sanctioned nations such as Russia, Iran, and North Korea.

Several of the audited companies have faced international censure, including being barred from businesses in North American and European markets, mandated by Canada to relinquish some critical mineral investments, delisted in the US for audit non-compliance, fined for breaching money laundering laws, and penalised for not reporting hazardous products and violating US sanctions.

top 3 comments

sorted by: hot top controversial new old

[–] [email protected] 3 points 11 months ago

I like how this brushes over the fact that the investment is from 2007 and the Liberals held governement for 9 years yet did nothing about it. Why should we trust them to do anything about it given another term of government?

[–] 0ddysseus 3 points 11 months ago (1 children)

Yeah nobody is paying attention to an "audit" with that result conducted by a far right libertarian free marketeer with a history of anti-china media stunts.

[–] [email protected] 1 points 11 months ago

There’s a mouthful. Free market except when….