edited
17th Mar 2023
National Reconstruction Fund Corporation Bill 2022 - Consideration in Detail - Prohibited investments
Passed by a small majority
No rebellions 92% attendance
9th Mar 2023, 9:05 AM – Representatives National Reconstruction Fund Corporation Bill 2022 - Second Reading - Agree with bill's main idea
Summary
EditThe majority voted in favour of a motion to agree with the bill's main idea. In other words, they voted to read it for a second time. They can now discuss it in greater detail.
What is the bill's main idea?
According to the bills digest:
Background
- The Australian Labor Party (ALP) committed to the $15 billion National Reconstruction Fund on 15 November 2021 as ‘the first step in Labor’s plan to rebuild Australia’s industrial base’.
- Arguments for the proposal have focused on Australia’s low manufacturing self-sufficiency and ‘economic complexity’. Opponents have focused on the risks created by market interventions.
- Outside Parliament, a broad range of interest groups have supported the proposal.
Purpose of the Bill
- The main purpose of the National Reconstruction Fund Corporation Bill 2022 (the Bill) is to establish the National Reconstruction Fund Corporation (NRFC) in order to ‘facilitate increased flows of finance into priority areas of the Australian economy’.
Votes Passed by a small majority
Nobody rebelled against their party.
| Party | Votes | |
|---|---|---|
| Australian Greens (100% turnout) | 4 Yes – 0 No | |
| Adam Bandt Melbourne | Yes | |
| Stephen Bates Brisbane | Yes | |
| Max Chandler-Mather Griffith | Yes | |
| Elizabeth Watson-Brown Ryan | Yes | |
| Australian Labor Party (96% turnout) | 73 Yes – 0 No | |
| Anne Aly Cowan | Yes | |
| Michelle Ananda-Rajah Higgins | Yes | |
| Chris Bowen McMahon | Yes | |
| Tony Burke Watson | Yes | |
| Linda Burney Barton | Yes | |
| Josh Burns Macnamara | Yes | |
| Mark Butler Hindmarsh | Yes | |
| Alison Byrnes Cunningham | Yes | |
| Jim Chalmers Rankin | Yes | |
| Andrew Charlton Parramatta | Yes | |
| Lisa Chesters Bendigo | Yes | |
| Jason Clare Blaxland | Yes | |
| Sharon Claydon Newcastle | Yes | |
| Libby Coker Corangamite | Yes | |
| Julie Collins Franklin | Yes | |
| Pat Conroy Shortland | Yes | |
| Mark Dreyfus Isaacs | Yes | |
| Justine Elliot Richmond | Yes | |
| Cassandra Fernando Holt | Yes | |
| Mike Freelander Macarthur | Yes | |
| Carina Garland Chisholm | Yes | |
| Steve Georganas Adelaide | Yes | |
| Andrew Giles Scullin | Yes | |
| Patrick Gorman Perth | Yes | |
| Luke Gosling Solomon | Yes | |
| Julian Hill Bruce | Yes | |
| Ed Husic Chifley | Yes | |
| Stephen Jones Whitlam | Yes | |
| Ged Kearney Cooper | Yes | |
| Matt Keogh Burt | Yes | |
| Peter Khalil Wills | Yes | |
| Catherine King Ballarat | Yes | |
| Tania Lawrence Hasluck | Yes | |
| Jerome Laxale Bennelong | Yes | |
| Andrew Leigh Fenner | Yes | |
| Sam Lim Tangney | Yes | |
| Richard Marles Corio | Yes | |
| Zaneta Mascarenhas Swan | Yes | |
| Kristy McBain Eden-Monaro | Yes | |
| Emma McBride Dobell | Yes | |
| Louise Miller-Frost Boothby | Yes | |
| Brian Mitchell Lyons | Yes | |
| Rob Mitchell McEwen | Yes | |
| Daniel Mulino Fraser | Yes | |
| Peta Murphy Dunkley | Yes | |
| Shayne Neumann Blair | Yes | |
| Brendan O'Connor Gorton | Yes | |
| Clare O'Neil Hotham | Yes | |
| Alicia Payne Canberra | Yes | |
| Graham Perrett Moreton | Yes | |
| Fiona Phillips Gilmore | Yes | |
| Tanya Plibersek Sydney | Yes | |
| Sam Rae Hawke | Yes | |
| Gordon Reid Robertson | Yes | |
| Dan Repacholi Hunter | Yes | |
| Amanda Rishworth Kingston | Yes | |
| Tracey Roberts Pearce | Yes | |
| Michelle Rowland Greenway | Yes | |
| Joanne Ryan Lalor | Yes | |
| Marion Scrymgour Lingiari | Yes | |
| Bill Shorten Maribyrnong | Yes | |
| Sally Sitou Reid | Yes | |
| David Smith Bean | Yes | |
| Anne Stanley Werriwa | Yes | |
| Meryl Swanson Paterson | Yes | |
| Susan Templeman Macquarie | Yes | |
| Matt Thistlethwaite Kingsford Smith | Yes | |
| Kate Thwaites Jagajaga | Yes | |
| Maria Vamvakinou Calwell | Yes | |
| Tim Watts Gellibrand | Yes | |
| Anika Wells Lilley | Yes | |
| Josh Wilson Fremantle | Yes | |
| Tony Zappia Makin | Yes | |
| Anthony Albanese Grayndler | Absent | |
| Matt Burnell Spence | Absent | |
| Madeleine King Brand | Absent | |
| Rebekha Sharkie Mayo Centre Alliance | Yes | |
| Mark Coulton Parkes Deputy Speaker | No | |
| Kate Chaney Curtin Independent | Yes | |
| Zoe Daniel Goldstein Independent | Yes | |
| Helen Haines Indi Independent | Yes | |
| Dai Le Fowler Independent | Yes | |
| Monique Ryan Kooyong Independent | Yes | |
| Sophie Scamps Mackellar Independent | Yes | |
| Allegra Spender Wentworth Independent | Yes | |
| Zali Steggall Warringah Independent | Yes | |
| Kylea Tink North Sydney Independent | Yes | |
| Andrew Wilkie Clark Independent | Yes | |
| Andrew Gee Calare Independent | Absent | |
| Bob Katter Kennedy Katter's Australian Party | Yes | |
| Liberal National Party (100% turnout) | 0 Yes – 8 No | |
| Angie Bell Moncrieff | No | |
| Colin Boyce Flynn | No | |
| Garth Hamilton Groom | No | |
| Henry Pike Bowman | No | |
| Phillip Thompson Herbert | No | |
| Andrew Wallace Fisher | No | |
| Andrew Willcox Dawson | No | |
| Terry Young Longman | No | |
| Liberal Party (94% turnout) | 0 Yes – 33 No | |
| Karen Andrews McPherson | No | |
| Bridget Archer Bass | No | |
| Russell Broadbent Monash | No | |
| Scott Buchholz Wright | No | |
| David Coleman Banks | No | |
| Warren Entsch Leichhardt | No | |
| Paul Fletcher Bradfield | No | |
| Ian Goodenough Moore | No | |
| Andrew Hastie Canning | No | |
| Alex Hawke Mitchell | No | |
| Luke Howarth Petrie | No | |
| Julian Leeser Berowra | No | |
| Sussan Ley Farrer | No | |
| Nola Marino Forrest | No | |
| Melissa McIntosh Lindsay | No | |
| Zoe McKenzie Flinders | No | |
| Scott Morrison Cook | No | |
| Ted O'Brien Fairfax | No | |
| Tony Pasin Barker | No | |
| Gavin Pearce Braddon | No | |
| Melissa Price Durack | No | |
| Rowan Ramsey Grey | No | |
| Stuart Robert Fadden | No | |
| James Stevens Sturt | No | |
| Michael Sukkar Deakin | No | |
| Angus Taylor Hume | No | |
| Dan Tehan Wannon | No | |
| Bert Van Manen Forde | No | |
| Ross Vasta Bonner | No | |
| Aaron Violi Casey | No | |
| Jenny Ware Hughes | No | |
| Rick Wilson O'Connor | No | |
| Keith Wolahan Menzies | No | |
| Peter Dutton Dickson | Absent | |
| Jason Wood La Trobe | Absent | |
| National Party (92% turnout) | 0 Yes – 11 No | |
| Sam Birrell Nicholls | No | |
| Darren Chester Gippsland | No | |
| Pat Conaghan Cowper | No | |
| David Gillespie Lyne | No | |
| Kevin Hogan Page | No | |
| Barnaby Joyce New England | No | |
| Michelle Landry Capricornia | No | |
| Michael McCormack Riverina | No | |
| Llew O'Brien Wide Bay | No | |
| Keith Pitt Hinkler | No | |
| Anne Webster Mallee | No | |
| David Littleproud Maranoa | Absent | |
| Milton Dick Oxley Speaker | Absent | |
| Totals (95% turnout) | 89 Yes – 53 No |
Turnout is the percentage of members eligible to vote that did vote.