edited
9th Oct 2014
Commonwealth Inscribed Stock Amendment Bill 2013 - Consideration in Detail - Debt ceiling of $400 billion
Not passed by a small majority
No rebellions 90% attendance
9th Dec 2013, 5:07 PM – Representatives Commonwealth Inscribed Stock Amendment Bill 2013 - Consideration of Senate Message - Make requested amendments
Summary
EditThe majority voted in favour of a motion that the requested amendment be made.
The request for an amendment came from the Greens Party in the Senate. Since this motion was successful, the House will now vote on whether to accept the two Greens further amendments.(See that division here. )
Background to Bill
On 22 October 2013, the Abbott Government announced that it will raise the debt ceiling from $300 billion to $500 billion.(Read more about this in the media here. ) This was following the August 2013 Pre-Election Economic and Fiscal Outlook which reported that the Treasurer's standing borrowing authority would reach the $300 billion limit by December 2013.
The purpose of the increase to the debt ceiling is to "provide stability and certainty to financial markets about the Government's ability to issue sufficient debt to manage its budget".(See the explanatory memorandum (106 KB). More about the bill, including its bills digest, is available here.)
Votes Passed by a small majority
Nobody rebelled against their party.
| Party | Votes | |
|---|---|---|
| Adam Bandt Melbourne Australian Greens | Yes | |
| Australian Labor Party (91% turnout) | 0 Yes – 49 No | |
| Anthony Albanese Grayndler | No | |
| Sharon Bird Cunningham | No | |
| Chris Bowen McMahon | No | |
| Gai Brodtmann Canberra | No | |
| Tony Burke Watson | No | |
| Mark Butler Port Adelaide | No | |
| Anthony Byrne Holt | No | |
| Jim Chalmers Rankin | No | |
| Nick Champion Wakefield | No | |
| Lisa Chesters Bendigo | No | |
| Sharon Claydon Newcastle | No | |
| Julie Collins Franklin | No | |
| Pat Conroy Charlton | No | |
| Michael Danby Melbourne Ports | No | |
| Mark Dreyfus Isaacs | No | |
| Justine Elliot Richmond | No | |
| Kate Ellis Adelaide | No | |
| David Feeney Batman | No | |
| Laurie Ferguson Werriwa | No | |
| Joel Fitzgibbon Hunter | No | |
| Andrew Giles Scullin | No | |
| Alan Griffin Bruce | No | |
| Jill Hall Shortland | No | |
| Chris Hayes Fowler | No | |
| Ed Husic Chifley | No | |
| Stephen Jones Throsby | No | |
| Catherine King Ballarat | No | |
| Andrew Leigh Fraser | No | |
| Jenny Macklin Jagajaga | No | |
| Alannah Mactiernan Perth | No | |
| Richard Marles Corio | No | |
| Rob Mitchell McEwen | No | |
| Shayne Neumann Blair | No | |
| Brendan O'Connor Gorton | No | |
| Clare O'Neil Hotham | No | |
| Julie Owens Parramatta | No | |
| Melissa Parke Fremantle | No | |
| Graham Perrett Moreton | No | |
| Tanya Plibersek Sydney | No | |
| Bernie Ripoll Oxley | No | |
| Amanda Rishworth Kingston | No | |
| Michelle Rowland Greenway | No | |
| Joanne Ryan Lalor | No | |
| Wayne Swan Lilley | No | |
| Matt Thistlethwaite Kingsford Smith | No | |
| Kelvin Thomson Wills | No | |
| Maria Vamvakinou Calwell | No | |
| Tim Watts Gellibrand | No | |
| Tony Zappia Makin | No | |
| Anna Burke Chisholm | Absent | |
| Jason Clare Blaxland | Absent | |
| Gary Gray Brand | Absent | |
| Bill Shorten Maribyrnong | Absent | |
| Warren Snowdon Lingiari | Absent | |
| Natasha Griggs Solomon Country Liberal Party | Yes | |
| Bruce Scott Maranoa Deputy Speaker | Yes | |
| Cathy McGowan Indi Independent | Yes | |
| Andrew Wilkie Denison Independent | Yes | |
| Bob Katter Kennedy Katter's Australian Party | Absent | |
| Liberal Party (95% turnout) | 69 Yes – 0 No | |
| John Alexander Bennelong | Yes | |
| Karen Andrews McPherson | Yes | |
| Kevin Andrews Menzies | Yes | |
| Bob Baldwin Paterson | Yes | |
| Bruce Billson Dunkley | Yes | |
| Julie Bishop Curtin | Yes | |
| Jamie Briggs Mayo | Yes | |
| Russell Broadbent McMillan | Yes | |
| Mal Brough Fisher | Yes | |
| Scott Buchholz Wright | Yes | |
| Steven Ciobo Moncrieff | Yes | |
| David Coleman Banks | Yes | |
| Peter Dutton Dickson | Yes | |
| Warren Entsch Leichhardt | Yes | |
| Paul Fletcher Bradfield | Yes | |
| Josh Frydenberg Kooyong | Yes | |
| Teresa Gambaro Brisbane | Yes | |
| Ian Goodenough Moore | Yes | |
| Alex Hawke Mitchell | Yes | |
| Sarah Henderson Corangamite | Yes | |
| Peter Hendy Eden-Monaro | Yes | |
| Joe Hockey North Sydney | Yes | |
| Luke Howarth Petrie | Yes | |
| Greg Hunt Flinders | Yes | |
| Eric Hutchinson Lyons | Yes | |
| Dennis Jensen Tangney | Yes | |
| Ewen Jones Herbert | Yes | |
| Michael Keenan Stirling | Yes | |
| Craig Kelly Hughes | Yes | |
| Andrew Laming Bowman | Yes | |
| Craig Laundy Reid | Yes | |
| Sussan Ley Farrer | Yes | |
| Ian Macfarlane Groom | Yes | |
| Nola Marino Forrest | Yes | |
| Louise Markus Macquarie | Yes | |
| Russell Matheson Macarthur | Yes | |
| Karen McNamara Dobell | Yes | |
| Scott Morrison Cook | Yes | |
| Andrew Nikolic Bass | Yes | |
| Kelly O'Dwyer Higgins | Yes | |
| Tony Pasin Barker | Yes | |
| Christian Porter Pearce | Yes | |
| Melissa Price Durack | Yes | |
| Christopher Pyne Sturt | Yes | |
| Rowan Ramsey Grey | Yes | |
| Don Randall Canning | Yes | |
| Stuart Robert Fadden | Yes | |
| Wyatt Roy Longman | Yes | |
| Philip Ruddock Berowra | Yes | |
| Fiona Scott Lindsay | Yes | |
| Luke Simpkins Cowan | Yes | |
| Tony Smith Casey | Yes | |
| Andrew Southcott Boothby | Yes | |
| Sharman Stone Murray | Yes | |
| Ann Sudmalis Gilmore | Yes | |
| Michael Sukkar Deakin | Yes | |
| Angus Taylor Hume | Yes | |
| Dan Tehan Wannon | Yes | |
| Alan Tudge Aston | Yes | |
| Malcolm Turnbull Wentworth | Yes | |
| Bert Van Manen Forde | Yes | |
| Nickolas Varvaris Barton | Yes | |
| Ross Vasta Bonner | Yes | |
| Brett Whiteley Braddon | Yes | |
| Lucy Wicks Robertson | Yes | |
| Matt Williams Hindmarsh | Yes | |
| Rick Wilson O'Connor | Yes | |
| Jason Wood La Trobe | Yes | |
| Ken Wyatt Hasluck | Yes | |
| Tony Abbott Warringah | Absent | |
| Steve Irons Swan | Absent | |
| Jane Prentice Ryan | Absent | |
| Andrew Robb Goldstein | Absent | |
| National Party (100% turnout) | 14 Yes – 0 No | |
| Andrew Broad Mallee | Yes | |
| Darren Chester Gippsland | Yes | |
| George Christensen Dawson | Yes | |
| John Cobb Calare | Yes | |
| Mark Coulton Parkes | Yes | |
| David Gillespie Lyne | Yes | |
| Luke Hartsuyker Cowper | Yes | |
| Kevin Hogan Page | Yes | |
| Barnaby Joyce New England | Yes | |
| Michelle Landry Capricornia | Yes | |
| Michael McCormack Riverina | Yes | |
| Ken O'Dowd Flynn | Yes | |
| Keith Pitt Hinkler | Yes | |
| Warren Truss Wide Bay | Yes | |
| Clive Palmer Fairfax Palmer United Party | Absent | |
| Bronwyn Bishop Mackellar Speaker | Absent | |
| Totals (92% turnout) | 88 Yes – 49 No |
Turnout is the percentage of members eligible to vote that did vote.