Page 910 - Week 03 - Tuesday, 20 March 2012

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Elizabeth Beattie, dated 31 January and 2 February 2012.

Glenn Lacey, dated 8 December 2011.

Lana Junakovic, dated 16 January 2012.

Richard Baumgart, dated 5 and 6 March 2012.

Ross McKay, dated 16 December 2011.

I ask leave to make a short statement in relation to the papers.

Leave granted.

MS GALLAGHER: These documents are tabled in accordance with sections 31A and 79 of the Public Sector Management Act, which require the tabling of all director-general and executive contracts and contract variations. Contracts were previously tabled on 14 February 2012. Today I present one long-term contract, 10 short-term contracts and seven contract variations. Details of the contracts will be circulated to members.

Public Accounts—Standing Committee

Report 20—government response

MR BARR (Molonglo—Deputy Chief Minister, Treasurer, Minister for Economic Development and Minister for Tourism, Sport and Recreation) (3.18): For the information of members I present the following paper:

Public Accounts—Standing Committee—Report 20—Inquiry into the exposure draft of the Financial Management (Ethical Investment) Legislation Amendment Bill 2010—Government response.

I move:

That the Assembly takes note of the paper.

The government thanks the committee for the report on this inquiry into the exposure draft of the ethical investment bill. The committee made nine recommendations in its report. The government has agreed with three recommendations, agreed in principle to four, and two recommendations are noted.

Since becoming a signatory to the United Nations principles for responsible investment in 2008, the government has been taking a considered and measured approach in the implementation of its financial investment arrangements. The government considers the recommendations made in the report provide an opportunity to further enhance the government’s standing as a responsible investor.

The government will revise its investment policy using the report’s recommendations as guiding principles. Consistent with the committee report, the revised policy will utilise universally agreed and accepted norms-based investment criteria and consider, where appropriate, a selective, exclusion-based screening strategy.

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