Our brief reveals that Australia’s sovereign wealth fund, the Future Fund, invests over AUD$157 million in companies linked to the Myanmar military’s atrocities, including in businesses that sell arms.

Australia based company Barrett Communications has been selling radio communications equipment to the Myanmar military.

Myanmar Campaign Network (MCN), Justice For Myanmar (JFM), the Australian Coalition for Democracy in Burma (ACDB), and Global Myanmar Spring Revolution (GMSR) commend the decision by the Australian Government to deny visas to the Myanmar football club Shan United.

REDRESS, JFM and ACIJ have submitted a dossier of evidence to the Governor of the British Virgin Islands and the UK’s Office of Financial Sanctions Implementation, requesting that they open investigations into the formerly British Virgin Islands-incorporated entity Cornerstone Resources (Myanmar) Limited alleged violations of UK sanctions.

Justice For Myanmar welcomes sanctions imposed by Australia, Canada, the UK and USA imposed on members of the terrorist Myanmar military junta, its businesses and jet fuel suppliers to mark the second anniversary of the military’s illegal coup attempt.

Australian Stock Exchange listed mining company Mallee Resources Limited has announced the sale of its Myanmar subsidiary, Bright Mountain Resources (Myanmar) Limited to the Myanmar crony airline MAI. In the deal, MAI appears to be acting as a broker for the transfer of funds.

A freedom of information disclosure to Justice For Myanmar has revealed that the Australian Embassy in Yangon has spent US$525,473 on accommodation, food and other services at the military linked LOTTE Hotel and LOTTE Serviced Apartment since February 1, 2021.

688 Burma/Myanmar, regional and international civil society organisations have written to Foreign Minister Penny Wong calling for Australia to change course and take action on Myanmar, including targeted sanctions against the Myanmar military junta, its businesses and all those responsible for grave human rights violations.

Justice For Myanmar joined civil society organisations to call on Australia’s sovereign wealth fund, the Future Fund, to divest from companies in business with the Myanmar military.

Australia’s sovereign wealth fund, the Future Fund, has equity holdings valued at AUD$157.9 million across 14 publicly listed companies directly linked to the Myanmar military, according to a Freedom of Information request.

Leading international and regional accounting bodies from Australia, Japan, New Zealand, UK, USA and across Southeast Asia are acting disgracefully by participating and sponsoring the upcoming ASEAN Federation of Accountants Conference, in which the junta’s auditor general is “Guest of Honour”.

Australia based company Barrett Communications has been selling radio communications equipment to the Myanmar military. Justice For Myanmar calls for an end to Australian complicity and targeted sanctions.