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senate vote 2021-05-13#26
Edited by
mackay staff
on
2022-01-28 15:18:45
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Title
Northern Australia Infrastructure Facility Amendment (Extension and Other Measures) Bill 2021 - Second Reading - Limit on Investment Mandate- Northern Australia Infrastructure Facility Amendment (Extension and Other Measures) Bill 2021 - in Committee - Limit on Investment Mandate
Description
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- The majority voted against [amendments](https://www.openaustralia.org.au/senate/?gid=2021-05-13.110.1) introduced by the Australian Labor Party, which means they failed. The amendments related to a limit on on the [investment mandate](https://parlinfo.aph.gov.au/parlInfo/search/display/display.w3p;query=Id:legislation/billhome/display.w3p;query=Id%3A%22legislation%2Famend%2Fr6670_amend_debb991e-4595-4e35-888b-8d901e1e5217%22;rec=0) that required the minister to consider the objects of the bill, including a [new object](https://parlinfo.aph.gov.au/parlInfo/search/display/display.w3p;query=Id:legislation/billhome/display.w3p;query=Id%3A%22legislation%2Famend%2Fr6670_amend_33f29cac-08eb-4847-8a74-37dabf0afb26%22;rec=0):
- > *to encourage the provision of such financial assistance in relation to Northern Australia economic infrastructure that contributes to Australia’s achievement of net zero emissions by 2050*
- Because this vote was unsuccessful, this requirement and new object will not be included in the bill.
- ### 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#26
Edited by
mackay staff
on
2022-01-21 13:38:15
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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 - Limit on Investment Mandate
Description
<p class="speaker">Scott Ryan</p><p>The question is that opposition amendment (1) on sheet 1247 and amendments (1) to (5) on sheet 1277, circulated earlier, be agreed to.</p>-
- The majority voted against [amendments](https://www.openaustralia.org.au/senate/?gid=2021-05-13.110.1) introduced by the Australian Labor Party, which means they failed. The amendments related to a limit on on the [investment mandate](https://parlinfo.aph.gov.au/parlInfo/search/display/display.w3p;query=Id:legislation/billhome/display.w3p;query=Id%3A%22legislation%2Famend%2Fr6670_amend_debb991e-4595-4e35-888b-8d901e1e5217%22;rec=0) that required the minister to consider the objects of the bill, including a [new object](https://parlinfo.aph.gov.au/parlInfo/search/display/display.w3p;query=Id:legislation/billhome/display.w3p;query=Id%3A%22legislation%2Famend%2Fr6670_amend_33f29cac-08eb-4847-8a74-37dabf0afb26%22;rec=0):
- > *to encourage the provision of such financial assistance in relation to Northern Australia economic infrastructure that contributes to Australia’s achievement of net zero emissions by 2050*
- Because this vote was unsuccessful, this requirement and new object will not be included in the bill.
- ### 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="italic"><i>Opposition's circulated amendments—</i></p><p class="italic">SHEET 1247</p><p class="italic">(1) Schedule 1, item 1, page 3 (after line 9), after subsection 3(1), insert:</p><p class="italic">(1A) A further object of this Act is to encourage the provision of such financial assistance in relation to Northern Australia economic infrastructure that contributes to Australia's achievement of net zero emissions by 2050, and a person in exercising powers or performing functions or duties conferred by this Act must have regard to this object.</p><p class="italic">_____</p><p class="italic">SHEET 1277</p><p class="italic">(1) Schedule 1, page 4 (after line 15), after item 5, insert:</p><p class="italic">5B Section 5 (definition of <i>Minister's consideration period</i> )</p><p class="italic">Repeal the definition.</p><p class="italic">(2) Schedule 1, page 4 (after line 19), after item 6, insert:</p><p class="italic">6B Section 5</p><p class="italic">Repeal the following definitions:</p><p class="italic">(a) definition of <i>proposal notice</i>;</p><p class="italic">(b) definition of <i>rejection notice</i>.</p><p class="italic">(3) Schedule 1, page 8 (after line 6), after item 19, insert:</p><p class="italic">19AA At the end of section 9</p><p class="italic">Add:</p><p class="italic">(5) The responsible Ministers must not give a direction under subsection 9(1):</p><p class="italic">(a) that has the purpose, or has or is likely to have the effect, of directly or indirectly requiring the Board or Facility to, or not to, give particular financial assistance; or</p><p class="italic">(b) that is inconsistent with this Act (including the objects of this Act).</p><p class="italic">(4) Schedule 1, items 22 to 24, page 8 (lines 15 to 28), omit the items, substitute:</p><p class="italic">22 Part 4</p><p class="italic">Repeal the Part.</p><p class="italic">(5) Schedule 1, page 11 (after line 19), after item 46, insert:</p><p class="italic">46A Paragraphs 42(b) and (c)</p><p class="italic">Repeal the paragraphs.</p> -
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