Summary

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The majority voted in favour of a motion to agree with the Senate's amendments to the bill. This means that the bill's final form has now been agreed to by both levels of parliament and will become law.

What does this bill do?

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 (97% turnout) 74 Yes 0 No
Anthony Albanese Grayndler Yes
Anne Aly Cowan Yes
Michelle Ananda-Rajah Higgins Yes
Chris Bowen McMahon Yes
Tony Burke Watson Yes
Matt Burnell Spence 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
Madeleine King Brand 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
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
Anika Wells Lilley Yes
Josh Wilson Fremantle Yes
Tony Zappia Makin Yes
Joanne Ryan Lalor Absent
Tim Watts Gellibrand Absent
Rebekha Sharkie Mayo Centre Alliance Absent
Mark Coulton Parkes Deputy Speaker No
Kate Chaney Curtin Independent Yes
Zoe Daniel Goldstein Independent Yes
Helen Haines Indi 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
Dai Le Fowler Independent No
Andrew Gee Calare Independent Absent
Bob Katter Kennedy Katter's Australian Party No
Liberal National Party (88% turnout) 0 Yes 7 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
Terry Young Longman No
Andrew Willcox Dawson Absent
Liberal Party (94% turnout) 0 Yes 33 No
Bridget Archer Bass No
Russell Broadbent Monash No
Scott Buchholz Wright No
David Coleman Banks No
Peter Dutton Dickson 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
Karen Andrews McPherson Absent
Jason Wood La Trobe Absent
National Party (100% turnout) 0 Yes 12 No
Sam Birrell Nicholls No
Darren Chester Gippsland No
Pat Conaghan Cowper No
Andrew Gee Calare No
Kevin Hogan Page No
Barnaby Joyce New England No
Michelle Landry Capricornia No
David Littleproud Maranoa No
Michael McCormack Riverina No
Llew O'Brien Wide Bay No
Keith Pitt Hinkler No
Anne Webster Mallee No
David Gillespie Lyne Absent
Milton Dick Oxley Speaker Absent
Totals (95% turnout) 87 Yes – 55 No