Scott Ludlam (WA, Australian Greens) Share this | Hansard source

asked the Minister for Finance and Deregulation, upon notice, on 19 January 2012:

(1) What is the current dollar value of equities owned or held in trust by the Future Fund; or funds under its management; or managed on behalf of the Future Fund by its investment managers, in each of the following companies:

  (a)   Alliant Techsystems Inc;

  (b)   The Babcock & Wilcox Company;

  (c)   Babcock International Group;

  (d)   BAE Systems;

  (e)   Bechtel Corporation;

  (f)   European Aeronautic Defence and Space Company (EADS);

  (g)   Finmeccanica;

  (h)   GenCorp Inc;

  (i)   General Dynamics;

  (j)   Goodrich Corporation;

  (k)   Honeywell International;

  (l)   ITT Corporation;

  (m)   Jacobs Engineering Group Inc;

  (n)   Larsen & Toubro Limited;

  (o)   Lockheed Martin Corporation;

  (p)   Northrop Grumman Corporation;

  (q)   Redhall Group;

  (r)   Rockwell Collins;

  (s)   Rolls-Royce;

  (t)   Safran Group;

  (u)   Serco Group; and

  (v)   Thales Group.

(2) Can a list be provided detailing the nations whose nuclear weapons programs the Future Fund considers to be: (a) legitimate; and (b) illegitimate.

(3) Does the Future Fund consider India's nuclear weapons programs to be legitimate.

(4) On what basis does the Future Fund consider it unacceptable to invest in companies that manufacture cluster munitions and anti-personnel landmines, but acceptable to investment in those that manufacture nuclear weapons.