edited
17th Mar 2023
National Reconstruction Fund Corporation Bill 2022 - Second Reading - Agree with bill's main idea
Passed by a small majority
No rebellions 95% attendance
28th Mar 2023, 8:48 PM – Senate National Reconstruction Fund Corporation Bill 2023 - Third Reading - Pass the bill
Summary
EditThe majority voted in favour of a motion to pass the bill in the Senate. In other words, they voted to read it for a third time. Since amendments were made to the bill, it will now return to the House of Representatives where our MPs will decide on whether they agree with them.
What does this bill do?
According to the bills digest:
Background
- The Australian Labor Party (ALP) committed to the $15 billion National Reconstruction Fund on 15 November 2021 as ‘the first step in Labor’s plan to rebuild Australia’s industrial base’.
- Arguments for the proposal have focused on Australia’s low manufacturing self-sufficiency and ‘economic complexity’. Opponents have focused on the risks created by market interventions.
- Outside Parliament, a broad range of interest groups have supported the proposal.
Purpose of the Bill
- The main purpose of the National Reconstruction Fund Corporation Bill 2022 (the Bill) is to establish the National Reconstruction Fund Corporation (NRFC) in order to ‘facilitate increased flows of finance into priority areas of the Australian economy’.
Votes Passed by a small majority
Nobody rebelled against their party.
| Party | Votes | |
|---|---|---|
| Australian Greens (109% turnout) | 12 Yes – 0 No | |
| Penny Allman-Payne Queensland | Yes | |
| Dorinda Cox WA | Yes | |
| Mehreen Faruqi NSW | Yes | |
| Sarah Hanson-Young SA | Yes | |
| Nick McKim Tasmania | Yes | |
| Barbara Pocock SA | Yes | |
| Janet Rice Victoria | Yes | |
| David Shoebridge NSW | Yes | |
| Jordon Steele-John WA | Yes | |
| Lidia Thorpe Victoria | Yes | |
| Larissa Waters Queensland | Yes | |
| Peter Whish-Wilson Tasmania | Yes | |
| Australian Labor Party (72% turnout) | 18 Yes – 0 No | |
| Carol Brown Tasmania | Yes | |
| Anthony Chisholm Queensland | Yes | |
| Raff Ciccone Victoria | Yes | |
| Katy Gallagher ACT | Yes | |
| Nita Green Queensland | Yes | |
| Karen Grogan SA | Yes | |
| Jenny McAllister NSW | Yes | |
| Malarndirri McCarthy NT | Yes | |
| Fatima Payman WA | Yes | |
| Helen Polley Tasmania | Yes | |
| Louise Pratt WA | Yes | |
| Tony Sheldon NSW | Yes | |
| Marielle Smith SA | Yes | |
| Glenn Sterle WA | Yes | |
| Anne Urquhart Tasmania | Yes | |
| Jess Walsh Victoria | Yes | |
| Murray Watt Queensland | Yes | |
| Linda White Victoria | Yes | |
| Tim Ayres NSW | Absent | |
| Catryna Bilyk Tasmania | Absent | |
| Patrick Dodson WA | Absent | |
| Don Farrell SA | Absent | |
| Deborah O'Neill NSW | Absent | |
| Jana Stewart Victoria | Absent | |
| Penny Wong SA | Absent | |
| Jacinta Nampijinpa Price NT Country Liberal Party | No | |
| Andrew McLachlan SA Deputy President | No | |
| David Pocock ACT Independent | Yes | |
| Lidia Thorpe Victoria Independent | Absent | |
| Jacqui Lambie Network (100% turnout) | 2 Yes – 0 No | |
| Jacqui Lambie Tasmania | Yes | |
| Tammy Tyrrell Tasmania | Yes | |
| Liberal National Party (100% turnout) | 0 Yes – 2 No | |
| Matthew Canavan Queensland | No | |
| James McGrath Queensland | No | |
| Liberal Party (78% turnout) | 0 Yes – 18 No | |
| Alex Antic SA | No | |
| Wendy Askew Tasmania | No | |
| Andrew Bragg NSW | No | |
| Slade Brockman WA | No | |
| Michaelia Cash WA | No | |
| Claire Chandler Tasmania | No | |
| Richard Colbeck Tasmania | No | |
| Jonathon Duniam Tasmania | No | |
| Sarah Henderson Victoria | No | |
| Hollie Hughes NSW | No | |
| Kerrynne Liddle SA | No | |
| Matt O'Sullivan WA | No | |
| Gerard Rennick Queensland | No | |
| Linda Reynolds WA | No | |
| Anne Ruston SA | No | |
| Paul Scarr Queensland | No | |
| Dean Smith WA | No | |
| David Van Victoria | No | |
| Simon Birmingham SA | Absent | |
| David Fawcett SA | Absent | |
| Jane Hume Victoria | Absent | |
| James Paterson Victoria | Absent | |
| Marise Payne NSW | Absent | |
| National Party (75% turnout) | 0 Yes – 3 No | |
| Ross Cadell NSW | No | |
| Perin Davey NSW | No | |
| Susan McDonald Queensland | No | |
| Bridget McKenzie Victoria | Absent | |
| Pauline Hanson's One Nation Party (100% turnout) | 0 Yes – 2 No | |
| Pauline Hanson Queensland | No | |
| Malcolm Roberts Queensland | No | |
| Sue Lines WA President | Yes | |
| Ralph Babet Victoria United Australia Party | No | |
| Totals (83% turnout) | 34 Yes – 28 No |
Turnout is the percentage of members eligible to vote that did vote.