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Science needs more support: Bandt

The government needs to set a national goal for research and development spending of at least 3% of GDP, Greens MP Adam Bandt told a meeting of the biotechnology industry today.

Addressing the breakfast meeting of the BioMelbourne Network at Melbourne's Federation Square , Mr Bandt said while there had been increased business investment in R&D, government funding was lagging behind.

"I believe that science, technology and innovation are crucial to Australia's current and future prosperity," Mr Bandt said.

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Bank accounts more portable under new bill: Bandt

Greens MP and banking spokesperson Adam Bandt has released a new banking bill that will ensure direct debits and credits follow customers when they switch banks, making it easier for consumers to move their accounts.

The Banking and Consumer Credit Protection Amendment (Mobility and Flexibility) Bill 2011 contains a mechanism for account portability. If a customer asks, banks will be required to forward all direct debits and credits to the customer's new bank for 13 months after they switch.

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Bandt moves to ban takeover mergers

Amendments to prevent the big four banks from acquiring smaller lenders are due to be moved in Parliament later today by Greens MP and banking spokesperson Adam Bandt.

Mr Bandt's changes to the Competition and Consumer Amendment Bill (No. 1) will ensure the ACCC will prevent mergers such as Westpac's takeover of St George.

"Australia has one of the most concentrated banking sectors in the world and it is killing competition for consumers."

"The Australian banking market is the most concentrated it has been for a century."

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Bandt congratulates climate commission on forum

Greens MP Adam Bandt joined the Prime Minister, members of the Cabinet and other MPs at today's public forum held by the Climate Commission at Parliament House.

Mr Bandt congratulated the Commission on a fantastic forum and said it reinforced the need for urgent and profound action.

"The Commissioners are to be congratulated on an excellent event", Mr Bandt said.

"The Climate Commissioners clear answers to my question about the climate impact on Australia's agriculture show we have no time to waste."

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Bank super-profits tax must be considered: Bandt

Greens MP and banking spokesperson, Adam Bandt, has said the Senate Inquiry Report into Banking competition released today has failed to deal with the key problem of taxpayers and consumers failing to get a fair return for underwriting the big banks.

As banks post record profits, Mr Bandt said it was time to start considering a super-profits tax on the banks.

Mr Bandt called on the Government to:

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De Kretser is right on floods: Bandt

Greens MP Adam Bandt has backed yesterday's comments from the Victorian Governor on the relationship between climate change and flooding and has said Premier Baillieu is being irresponsible in denying the link.

"The immediate task is to ensure the safety and welfare of Victorians affected by the floods. But this should not prevent us from having a discussion about the impact of climate change and the likelihood of these extreme events recurring," Greens MP Adam Bandt said.

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