Summary

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The majority voted against an amendment "that subclause 13(2) and subclauses 34(4) to (6) stand as printed", which means that the majority disagreed with these subclauses and did not want them to remain as they were. This motion was put following an amendment put forward by Labor Senator Kim Carr to oppose those subclauses.

Senator Carr explained that the purpose of the amendments is to "save the Education Investment Fund" ('EIF'),(Read Senator Carr's full explanation of the amendment and the related debate here, after 1.35 pm. ) which the bill in its current form will abolish after its funds are redirected to the newly created Asset Recycling Fund. The EIF was established by the Nation-building Funds Act 2008 to replace the Higher Education Endowment Fund (HEEF). It provides funding to projects that "create or develop significant infrastructure in higher education, research and vocational education and training institutions".(Read more about the EIF here. )

Background to the bills

The Asset Recycling Fund Bill 2014 and the related Asset Recycling Fund (Consequential Amendments) Bill 2014 were introduced to create the Asset Recycling Fund ('ARF').

The ARF is the fund from which grants to states and territories will be sourced under the Asset Recycling Initiative ('ARI'), which was developed to assist states to privatise assets and to speed up the construction of transport infrastructure in capital cities.(Read the Deputy Prime Minister Warren Truss's comments on the initiative on ABC's PM program here. ) Under the ARI, states and territories will be encouraged to sell assets, including transport infrastructure, and use the proceeds to fund new public infrastructure. By way of encouragement, the Commonwealth will provide a financial contribution of 15 per cent of the asset value of the sale that is used to fund the new infrastructure.(See the bills digest for more information. )

The Council of Australian Governments voted in favour of the ARI on 2 May 2014.(Read more about COAG's decision to agree with the ARI on ABC News here.)

Votes Not passed by a small majority

Nobody rebelled against their party.

Party Votes
Australian Greens (90% turnout) 0 Yes 9 No
Richard Di Natale Victoria No
Sarah Hanson-Young SA No
Scott Ludlam WA No
Lee Rhiannon NSW No
Janet Rice Victoria No
Rachel Siewert WA No
Larissa Waters Queensland No
Peter Whish-Wilson Tasmania No
Penny Wright SA No
Christine Milne Tasmania Absent
Australian Labor Party (92% turnout) 0 Yes 22 No
Catryna Bilyk Tasmania No
Carol Brown Tasmania No
Joe Bullock WA No
Doug Cameron NSW No
Kim Carr Victoria No
Jacinta Collins Victoria No
Sam Dastyari NSW No
John Faulkner NSW No
Alex Gallacher SA No
Chris Ketter Queensland No
Sue Lines WA No
Joe Ludwig Queensland No
Kate Lundy ACT No
Anne McEwen SA No
Jan McLucas Queensland No
Claire Moore Queensland No
Deborah O'Neill NSW No
Nova Peris NT No
Helen Polley Tasmania No
Lisa Singh Tasmania No
Glenn Sterle WA No
Anne Urquhart Tasmania No
Stephen Conroy Victoria Absent
Penny Wong SA Absent
Ricky Muir Victoria Australian Motoring Enthusiast Party No
Nigel Scullion NT Country Liberal Party Yes
John Madigan Victoria Democratic Labor Party Absent
Gavin Marshall Victoria Deputy President No
Bob Day SA Family First Party Yes
Nick Xenophon SA Independent Absent
David Leyonhjelm NSW Liberal Democratic Party Yes
Liberal National Party (100% turnout) 2 Yes 0 No
Matthew Canavan Queensland Yes
James McGrath Queensland Yes
Liberal Party (84% turnout) 21 Yes 0 No
Christopher Back WA Yes
Cory Bernardi SA Yes
Simon Birmingham SA Yes
David Bushby Tasmania Yes
Michaelia Cash WA Yes
Richard Colbeck Tasmania Yes
Mathias Cormann WA Yes
Sean Edwards SA Yes
David Fawcett SA Yes
Concetta Fierravanti-Wells NSW Yes
Mitch Fifield Victoria Yes
Bill Heffernan NSW Yes
David Johnston WA Yes
Ian Macdonald Queensland Yes
Brett Mason Queensland Yes
Marise Payne NSW Yes
Linda Reynolds WA Yes
Anne Ruston SA Yes
Scott Ryan Victoria Yes
Zed Seselja ACT Yes
Arthur Sinodinos NSW Yes
Eric Abetz Tasmania Absent
George Brandis Queensland Absent
Michael Ronaldson Victoria Absent
Dean Smith WA Absent
National Party (100% turnout) 4 Yes 0 No
Bridget McKenzie Victoria Yes
Fiona Nash NSW Yes
Barry O'Sullivan Queensland Yes
John Williams NSW Yes
Palmer United Party (100% turnout) 0 Yes 3 No
Jacqui Lambie Tasmania No
Glenn Lazarus Queensland No
Dio Wang WA No
Stephen Parry Tasmania President Yes
Totals (88% turnout) 31 Yes – 36 No