Transfield Services

Profits have soared for the operator of Australia's detention camps for asylum seekers in Papua New Guinea on Manus Island and on Nauru.

Broadspectrum, which used to be called Transfield Services, announced it had trebled its net profit for the first half of the year to $25.1 million.

Broadspectrum has been awarded a 12-month extension on its contract providing operational, welfare and security services to asylum seekers on Nauru and Manus Island. It has told investors it is the "preferred tenderer" for a new five-year contract it hopes to sign this year.

A group of 20 refugee supporters staged a sit-in at the Department of Immigration and Border Protection on October 7. They were protesting the ongoing rapes and assaults against refugees on Nauru.

The protesters occupied the office for about 90 minutes before police arrived. According to one of the demonstrators, the activists entered the building at about 10.30am and started chanting.

The staff closed the reception area and called security, who filmed the demonstrators and told them to leave. When the activists refused to leave, the police were called.

Pressure from activists for super funds to divest from Transfield Services, the biggest contractor in the Australian immigration detention industry, is increasingly bearing fruit.

HESTA, the industry superannuation fund for health and community services workers — at $32 billion one of Australia’s largest super funds — sold its 3.5% stake, worth $23 million, in Transfield Services on August 18.

On August 25 NGS Super, the industry superannuation fund for private school teachers, announced it would sell its $5.5 million stake in Transfield “on moral grounds”.

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