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Protect consumers and financial planners: disclosure of fees vital for integrity of industry

The government should not delay much-needed financial services reforms for consumers and providers of financial advice, Australian Greens Leader Bob Brown said today.

"People setting aside hard-earned money for their retirement or other purposes have every right to know how much money financial planners are making in fees. It is also vital for people seeking financial advice that the potential for conflicts of interest is reduced," Senator Brown said in Canberra.

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Bob Brown speaks to Jon Faine about the MRRT, former Senator O'Chee, Vic's Ryan Smith and the ex-Gunns chairman

Australian Greens Leader Bob Brown speaks to 774ABC's Jon Faine about the mining tax and the $100 million extra flowing to public services after the Greens clawed back the windfall for mining companies that resulted from MP Andrew Wilkie's MRRT deal with the Gillard government.

Other topics included today's Fairfax story about allegations about News Ltd and former Nationals senator Bill O'Chee and news that former Gunns chairman John Gay has been charged with insider trading.

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Senator Bob Brown at doors November 2, 2011

Australian Greens Leader Senator Bob Brown spoke to reporters at Senate doors today about the decoupling of legislation for the 1% tax break for big business from the government's watered down mining tax, and the Greens' policy to scrap the tax break for big business and instead give a 5% reduction to small business.

Other issues covered including support for the the Robin Hood tax and Qantas CEO Alan Joyce's appearance in front of the Senate Rural Affairs and Transport Legislation Committee coming up on Friday.

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Government giving away billions with compromised mining tax: Greens

Australian Greens Leader Senator Bob Brown today released a report that confirms the compromise reached between the Government and the three biggest mining companies will see everyday Australians forgo tens of billions of dollars in revenue.

"The Mineral Resource Rent Tax will generate between $73 billion and $115 billion less revenue over 9 years than the original Resources Super Profits Tax recommended by Treasury", said Senator Brown.

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Greens move for inquiry into media ownership and regulation in Australia

Australian Greens Leader Senator Bob Brown today announced moves for a full Senate or Independent Inquiry into media ownership and regulation in Australia.

“While there have not been any allegations of unlawful or unethical behaviour by any of Australia's newspapers similar to that which resulted in the closure of News of the World, the potential for such behaviour and the breadth of the allegations in the UK indicates it is timely for a closer look at Australia's media regulation,” said Senator Brown.

An Inquiry would consider:

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News International

Senator Bob Brown

I give notice that on the next day of sitting I shall move that:

That the Minister for Communications investigate the direct or indirect ramifications to Australia of the criminal matters affecting the United Kingdom operations of News International, and report back to the Senate.


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Curb polarisation between rich and poor - Brown

Australian Greens Leader Bob Brown said today he will move to strengthen legislation with the aim of limiting chief executives' salaries to 30 times the average pay within their corporation.

"The Greens support moves to give shareholders more say and have no intention of having the Corporations Amendment (Improving Accountability on Director and Executive Remuneration) Bill fail," Senator Brown said in Canberra.

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