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senate vote 2019-07-24#10

Edited by mackay staff

on 2019-08-22 16:24:59

Title

  • Bills — Future Drought Fund Bill 2019, Future Drought Fund (Consequential Amendments) Bill 2019; Third Reading
  • Future Drought Fund Bill 2019, Future Drought Fund (Consequential Amendments) Bill 2019 - Third Reading - Pass the bill

Description

  • <p class="speaker">Mathias Cormann</p>
  • <p>I move:</p>
  • <p class="italic">That these bills be now read a third time.</p>
  • The majority voted in favour of a [motion](https://www.openaustralia.org.au/senate/?id=2019-07-24.79.1) to pass the bill. In parliamentary jargon, they voted in favour of the question:
  • > *that the [Future Drought Fund Bill 2019](https://parlinfo.aph.gov.au/parlInfo/search/display/display.w3p;query=Id:legislation/billhome/r6371), as amended, and the [Future Drought Fund (Consequential Amendments) Bill 2019](https://parlinfo.aph.gov.au/parlInfo/search/display/display.w3p;query=Id:legislation/billhome/r6372) be [read a third time](https://www.peo.gov.au/learning/fact-sheets/making-a-law.html).*
  • ### What do these bills do?
  • The bill was [introduced in order to](https://parlinfo.aph.gov.au/parlInfo/search/display/display.w3p;query=Id:legislation/billhome/r6371) use:
  • > *uncommitted funds from the Building Australia Fund to establish the Future Drought Fund (comprised of the Future Drought Fund Special Account and the investments of the Future Drought Fund) as a dedicated investment vehicle to provide a secure revenue stream to be used for drought resilience, preparedness and response. Also establishes the Future Drought Fund Consultative Committee.*
  • <p class="speaker">Concetta Fierravanti-Wells</p>
  • <p>The question is that the Future Drought Fund Bill 2019, as amended, and the Future Drought Fund (Consequential Amendments) Bill 2019 be read a third time.</p>