Opened the debate
Senator Faruqi moved the second reading of the bill, arguing that public universities must sever ties with industries causing harm to people and the planet. Faruqi stated that the legislation would prohibit partnerships with weapons, fossil fuel, tobacco, and gambling sectors and require divestment from existing investments within six months. The senator emphasized that universities should advance the public good rather than serve corporate interests, noting that current funding models force reliance on harmful industries. Faruqi highlighted specific cases involving Australian National University and Deakin University to illustrate existing problematic links. Faruqi also called for increased public investment to replace lost revenue and ensure universities remain adequately funded.