HESTA, the health and community services industry superannuation fund, holds shares in Transfield Services, the company that runs the Australian detention centres on Nauru and Manus IslandAs of 27 February 2015, HESTA holds just under 5% of shares in Transfield Services with over 23.5 million shares. http://asxcomnewspdfs.fairfaxmedia.com.au/2015/03/02/01604569-575220267.pdf. HESTA has effectively loaned Transfield millions of dollars, in addition to the government contracts that the company already holds valued at over A$2.1 billionhttps://www.tenders.gov.au/?event=public.cn.view&CNUUID=1013CCBE-92A3-D1D4-722EC39FCBF61B39, to help run Australia’s mandatory detention system. Why is HESTA willing to use the retirement savings of health and community services workers to help Transfield profit from the mandatory detention of asylum seekers?
Join in calling HESTA for a complete and permanent divestment from mandatory detention.
The following Unions are on the Board of HESTA:
Other organisations on the Board of HESTA are:
If you have contacts at these organisations that may be interested in getting involved, please get in touch.
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