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senate vote 2023-03-28#16

Edited by mackay staff

on 2023-04-07 09:36:01

Title

  • Bills — National Reconstruction Fund Corporation Bill 2023; in Committee
  • National Reconstruction Fund Corporation Bill 2023 - in Committee - Complying investment

Description

  • <p class="speaker">Andrew McLachlan</p>
  • <p>I will now deal with the remaining sheet of government amendments. The question is that the government amendments on sheet SK150 be agreed to.</p>
  • The majority voted against Pauline Hanson's One Nation [amendment](https://www.openaustralia.org.au/senate/?gid=2023-03-28.340.13), which means it failed.
  • ### Amendment text
  • > *(1) Clause 63, page 39 (line 9), at the end of **subclause (3)**, add:*
  • >
  • > *; or (d) directly finance any activities for which a complying investment under the Clean Energy Finance Corporation Act 2012 could be made.*
  • ### Text of subclause (3)
  • > *(3) An investment of a Corporation body must not:*
  • >
  • >> *(a) directly finance the extraction of coal or natural gas; or*
  • >>
  • >> *(b) directly finance the construction of pipeline infrastructure primarily for the extraction of natural gas; or*
  • >>
  • >> *(c) directly finance the logging of native forests.*
  • <p> <i>Government's</i> <i> circulated amendments&#8212;</i></p>
  • <p class="italic">(1) Clause 75, page 46 (after line 20), after paragraph (1)(a), insert:</p>
  • <p class="italic">(aa) in the case of the Corporation&#8212;the impact of investments of the Corporation on First Nations Australians;</p>
  • <p class="italic">(2) Clause 75, page 46 (after line 30), after paragraph (1)(d), insert:</p>
  • <p class="italic">(da) in the case of a designated subsidiary of the Corporation&#8212;the impact of investments of the designated subsidiary on First Nations Australians;</p>
  • <p>Question agreed to.</p>
  • <p>I will now deal with the amendments circulated by Pauline Hanson's One Nation. The question is that the amendments on sheet&#8212;Senator Cash?</p>
  • <p class="speaker">Michaelia Cash</p>
  • <p>In relation to the amendments, I would ask the amendments on sheet 1866 be put separately to the amendments on sheet 1897 revised 2 and sheet 1919.</p>
  • <p class="speaker">Andrew McLachlan</p>
  • <p>For clarity, you want sheet 1866 separated from the other two.</p>
  • <p class="speaker">Michaelia Cash</p>
  • <p>That is correct, yes.</p>
  • <p class="speaker">Andrew McLachlan</p>
  • <p>The question is that One Nation amendments on sheet 1866 be agreed to.</p>
  • <p> <i>Pauline Hanson's One Nation's circulated amendment</i> <i>s</i> <i></i></p>
  • <p class="italic">(1) Clause 63, page 39 (line 9), at the end of subclause (3), add:</p>
  • <p class="italic">; or (d) directly finance any activities for which a complying investment under the <i>Clean Energy Finance Corporation Act 2012</i> could be made.</p>
  • <p></p>
  • <p></p>