edited
28th Jul 2023
Treasury Laws Amendment (Banking Executive Accountability and Related Measures) Bill 2018 - in Committee - ADI pecuniary penalties
Not passed by a modest majority
No rebellions 60% attendance
7th Feb 2018, 11:14 AM – Senate Treasury Laws Amendment (Banking Executive Accountability and Related Measures) Bill 2018 - Third Reading - Pass the bill
Summary
EditThe majority voted in favour of a motion to read the bill for a third time. In other words, they voted to pass the bill. Because it had already been passed in the House of Representatives, it will now become law.
What does the bill do?
According to the bills digest, the bill was introduced to:
- apply new accountability obligations to senior executives of authorised deposit-taking institutions (ADIs) and
- introduce a civil penalty regime alongside enhanced powers for the Australian Prudential Regulation Authority (APRA) to rely on in the event ADIs and certain accountable persons fail to meet the new obligations.
Votes Passed by a large majority
Nobody rebelled against their party.
| Party | Votes | |
|---|---|---|
| Cory Bernardi SA Australian Conservatives | No | |
| Australian Greens (100% turnout) | 9 Yes – 0 No | |
| Andrew Bartlett Queensland | Yes | |
| Richard Di Natale Victoria | Yes | |
| Sarah Hanson-Young SA | Yes | |
| Nick McKim Tasmania | Yes | |
| Lee Rhiannon NSW | Yes | |
| Janet Rice Victoria | Yes | |
| Rachel Siewert WA | Yes | |
| Jordon Steele-John WA | Yes | |
| Peter Whish-Wilson Tasmania | Yes | |
| Australian Labor Party (46% turnout) | 11 Yes – 0 No | |
| Patrick Dodson WA | Yes | |
| Alex Gallacher SA | Yes | |
| Chris Ketter Queensland | Yes | |
| Kimberley Kitching Victoria | Yes | |
| Gavin Marshall Victoria | Yes | |
| Jenny McAllister NSW | Yes | |
| Malarndirri McCarthy NT | Yes | |
| Claire Moore Queensland | Yes | |
| Deborah O'Neill NSW | Yes | |
| Louise Pratt WA | Yes | |
| Glenn Sterle WA | Yes | |
| Catryna Bilyk Tasmania | Absent | |
| Carol Brown Tasmania | Absent | |
| Doug Cameron NSW | Absent | |
| Kim Carr Victoria | Absent | |
| Anthony Chisholm Queensland | Absent | |
| Jacinta Collins Victoria | Absent | |
| Don Farrell SA | Absent | |
| Katy Gallagher ACT | Absent | |
| Helen Polley Tasmania | Absent | |
| Lisa Singh Tasmania | Absent | |
| Anne Urquhart Tasmania | Absent | |
| Murray Watt Queensland | Absent | |
| Penny Wong SA | Absent | |
| Nigel Scullion NT Country Liberal Party | Absent | |
| Derryn Hinch Victoria Derryn Hinch's Justice Party | Absent | |
| Sue Lines WA Deputy President | Absent | |
| Fraser Anning Queensland Independent | No | |
| David Leyonhjelm NSW Liberal Democratic Party | No | |
| Liberal National Party (0% turnout) | Absent | |
| Matthew Canavan Queensland | Absent | |
| James McGrath Queensland | Absent | |
| Liberal Party (55% turnout) | 12 Yes – 0 No | |
| Simon Birmingham SA | Yes | |
| Slade Brockman WA | Yes | |
| David Bushby Tasmania | Yes | |
| Mathias Cormann WA | Yes | |
| Jonathon Duniam Tasmania | Yes | |
| David Fawcett SA | Yes | |
| Concetta Fierravanti-Wells NSW | Yes | |
| Jane Hume Victoria | Yes | |
| Jim Molan NSW | Yes | |
| James Paterson Victoria | Yes | |
| Zed Seselja ACT | Yes | |
| Dean Smith WA | Yes | |
| Eric Abetz Tasmania | Absent | |
| George Brandis Queensland | Absent | |
| Michaelia Cash WA | Absent | |
| Mitch Fifield Victoria | Absent | |
| Lucy Gichuhi SA | Absent | |
| Ian Macdonald Queensland | Absent | |
| Marise Payne NSW | Absent | |
| Linda Reynolds WA | Absent | |
| Anne Ruston SA | Absent | |
| Arthur Sinodinos NSW | Absent | |
| National Party (33% turnout) | 1 Yes – 0 No | |
| John Williams NSW | Yes | |
| Bridget McKenzie Victoria | Absent | |
| Barry O'Sullivan Queensland | Absent | |
| Nick Xenophon Team (100% turnout) | 2 Yes – 0 No | |
| Stirling Griff SA | Yes | |
| Rex Patrick SA | Yes | |
| Pauline Hanson's One Nation Party (100% turnout) | 3 Yes – 0 No | |
| Brian Burston NSW | Yes | |
| Peter Georgiou WA | Yes | |
| Pauline Hanson Queensland | Yes | |
| Scott Ryan Victoria President | Absent | |
| Totals (57% turnout) | 38 Yes – 3 No |
Turnout is the percentage of members eligible to vote that did vote.