Division Description Changes — Bills — Corporations Amendment (Crowd-Sourced Funding for Proprietary Companies) Bill 2017; Second Reading — 26th Feb 2018

Change	Division
representatives vote 2018-02-26#1 Edited by mackay staff on 2018-02-28 17:42:43	Title Bills — Corporations Amendment (Crowd-Sourced Funding for Proprietary Companies) Bill 2017; Second Reading Corporations Amendment (Crowd-Sourced Funding for Proprietary Companies) Bill 2017 - Second Reading - Earlier start date Description ~~<p class='motion-notice motion-notice-truncated'>Long debate text truncated.</p>~~ The majority voted against a [motion](http://www.openaustralia.org.au/debates/?id=2018-02-26.108.1) that would have amended the normal [second reading](https://www.peo.gov.au/learning/fact-sheets/making-a-law.html) motion, which is that the bill be read for a second time. Agreeing to read a bill for a second time is parliamentary jargon for agreeing with the main idea of the bill. After this vote, the House can discuss the bill in more detail. The amendment to the normal second reading motion was introduced by Labor MP [Ed Husic](https://theyvoteforyou.org.au/people/representatives/chifley/ed_husic). ### What was the amendment? > That all words after "That" be omitted with a view to substituting the following words: > "whilst not declining to give the bill a second reading, the House: > (1) notes with concern the extraordinary amount of time taken by the Government to introduce a functioning equity crowdfunding regime within Australia; and > (2) calls on the Government to bring forward the start date for this legislation by ensuring that the proposed changes take effect from the day after the end of the period of three (3) months beginning on the day this Act receives Royal Assent". ### What was this bill all about? Read more about the [bill](http://parlinfo.aph.gov.au/parlInfo/search/display/display.w3p;query=Id:legislation/billhome/r5984) in its [bills digest](https://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/bd/bd1718a/18bd082).

~~<p class='motion-notice motion-notice-truncated'>Long debate text truncated.</p>~~
The majority voted against a [motion](http://www.openaustralia.org.au/debates/?id=2018-02-26.108.1) that would have amended the normal [second reading](https://www.peo.gov.au/learning/fact-sheets/making-a-law.html) motion, which is *that the bill be read for a second time*. Agreeing to read a bill for a second time is parliamentary jargon for agreeing with the main idea of the bill. After this vote, the House can discuss the bill in more detail.
The amendment to the normal second reading motion was introduced by Labor MP [Ed Husic](https://theyvoteforyou.org.au/people/representatives/chifley/ed_husic).
### What was the amendment?
> *That all words after "That" be omitted with a view to substituting the following words:*
> *"whilst not declining to give the bill a second reading, the House:*
> *(1) notes with concern the extraordinary amount of time taken by the Government to introduce a functioning equity crowdfunding regime within Australia; and*
> *(2) calls on the Government to bring forward the start date for this legislation by ensuring that the proposed changes take effect from the day after the end of the period of three (3) months beginning on the day this Act receives Royal Assent".*
### What was this bill all about?
Read more about the [bill](http://parlinfo.aph.gov.au/parlInfo/search/display/display.w3p;query=Id:legislation/billhome/r5984) in its [bills digest](https://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/bd/bd1718a/18bd082).