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senate vote 2017-09-06#4

Edited by mackay staff

on 2023-10-20 13:31:53

Title

  • Bills — Export Finance and Insurance Corporation Amendment (Support for Commonwealth Entities) Bill 2017; Third Reading
  • Export Finance and Insurance Corporation Amendment (Support for Commonwealth Entities) Bill 2017 - Third Reading - Pass the bill

Description

  • <p class="speaker">Arthur Sinodinos</p>
  • <p>I move:</p>
  • The majority voted in favour of passing the bill. In parliamentary jargon, they voted to read it for a third time. This means it has passed in the Senate and will now be sent back to the House of Representatives, where our MPs will consider whether they agree with the Senate amendments. If so, the bill will become law.
  • ### What does this bill do?
  • According to the [bills digest](https://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/bd/bd1617a/17bd089), the purpose of the bill was:
  • > * *to permit the Export Finance and Insurance Corporation (EFIC) to assist government bodies by providing services in relation to financial arrangements and agreements*
  • >
  • > * *to amend the definition of ‘eligible export transactions’.*
  • <p class="italic">That this bill be now read a third time.</p>
  • <p class="speaker">Gavin Marshall</p>
  • <p>The question is that the bill be now read a third time.</p>
  • <p>Bill read a third time.</p>