Friday, March 25, 2016

Australia: TPP impacts on education and education services

Posted 16 November 2015 by Jen T. Kwok (NTEU National Office)

"However, Chapter 9, the Investment Chapter has the effect of locking-in and intensifying pressures of commercialisation and privatisation. It establishes rules that bind nation-states not only on the basis of regulatory differences between domestic and non-domestic investors, but on the basis of an effect that results in ‘expropriation’ or ‘nationalisation’ of an investment for international providers, including in relation to changes to ‘licences, authorisations, permits and similar rights’ conferred pursuant to the law. This means, a for-profit VET provider owned from overseas could demand compensation from the Australian government if they changed laws which meant that they could not enroll domestic students or could not access public subsidies where those requirements would mean a loss of investment." 

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