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senate vote 2021-05-13#23
Edited by
mackay staff
on
2022-01-28 15:18:05
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Title
Northern Australia Infrastructure Facility Amendment (Extension and Other Measures) Bill 2021 - Second Reading - Equity investments- Northern Australia Infrastructure Facility Amendment (Extension and Other Measures) Bill 2021 - in Committee - Equity investments
Description
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- The majority voted in favour of a Government [amendment](https://www.openaustralia.org.au/senate/?gid=2021-05-13.101.3), which means it was successful and will now form part of the bill.
- ### Amendment text
- > *(1) Schedule 1, item 12, page 7 (line 7), after "assistance", insert "(other than equity investments)".*
- >
- > *(2) Schedule 1, item 12, page 7 (line 9), after "assistance", insert "(other than in the form of equity investments)".*
- ### What does the bill do?
- According to the [bills digest](https://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/bd/bd2021a/21bd062), the bill was introduced in order to:
- > * *extend the period when the Northern Australia Infrastructure Facility (the Facility) can issue financial assistance*
- > * *expand who the Facility can give assistance to, and how it provides this assistance*
- > * *add the Finance Minister as a responsible minister for the Facility and*
- > * *change some governance arrangements in relation to the Facility.*
- Currently, the [purpose of the Facility](https://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/bd/bd2021a/21bd062#_Toc71535773) is:
> *...to provide financial assistance to the states and territories for the construction of economic infrastructure in Northern Australia. It does this through providing concessional loans and guarantees.*- > *...to provide financial assistance to the states and territories for the construction of economic infrastructure in Northern Australia. It does this through providing concessional loans and guarantees.*
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senate vote 2021-05-13#23
Edited by
mackay staff
on
2022-01-21 14:56:57
|
Title
Bills — Northern Australia Infrastructure Facility Amendment (Extension and Other Measures) Bill 2021; Second Reading- Northern Australia Infrastructure Facility Amendment (Extension and Other Measures) Bill 2021 - Second Reading - Equity investments
Description
<p class="speaker">Scott Ryan</p><p>I will now deal with the circulated amendments to this bill, starting with government amendments on sheet RJ117. I understand there was a supplementary explanatory memorandum to the amendments, and I call the minister.</p>-
- The majority voted in favour of a Government [amendment](https://www.openaustralia.org.au/senate/?gid=2021-05-13.101.3), which means it was successful and will now form part of the bill.
- ### Amendment text
- > *(1) Schedule 1, item 12, page 7 (line 7), after "assistance", insert "(other than equity investments)".*
- >
- > *(2) Schedule 1, item 12, page 7 (line 9), after "assistance", insert "(other than in the form of equity investments)".*
- ### What does the bill do?
- According to the [bills digest](https://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/bd/bd2021a/21bd062), the bill was introduced in order to:
- > * *extend the period when the Northern Australia Infrastructure Facility (the Facility) can issue financial assistance*
- > * *expand who the Facility can give assistance to, and how it provides this assistance*
- > * *add the Finance Minister as a responsible minister for the Facility and*
- > * *change some governance arrangements in relation to the Facility.*
- Currently, the [purpose of the Facility](https://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/bd/bd2021a/21bd062#_Toc71535773) is:
- > *...to provide financial assistance to the states and territories for the construction of economic infrastructure in Northern Australia. It does this through providing concessional loans and guarantees.*
<p class="speaker">Anne Ruston</p><p>I table the supplementary explanatory memorandum.</p> <p class="speaker">Scott Ryan</p><p>The question is that the amendments on sheet RJ117, circulated by the government, be agreed to.</p><p> <i>Government</i> <i>'</i> <i>s</i> <i> circulated amendments—</i></p><p class="italic">(1) Schedule 1, item 12, page 7 (line 7), after "assistance", insert "(other than equity investments)".</p><p class="italic">(2) Schedule 1, item 12, page 7 (line 9), after "assistance", insert "(other than in the form of equity investments)".</p> -
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