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Tuesday, 15 September 2015
Page: 6861


Senator WHISH-WILSON (Tasmania) (18:08): I suppose the Scrutiny of Bills Committee accepted the clauses around immunity because it is commonplace in other multilateral investment organisations. Do you have concerns over the immunity provided to employees of these banks? If there is immunity—I do not understand how this works in other organisations—who audits these organisations, who holds them to account if there are breaches? I mentioned in my speech today that corruption is rife in a lot of countries in South-East Asia. So I would like to know what protections would be put in place and what avenues of prosecution, auditing et cetera there will be for the bank.