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senate vote 2021-02-18#2
Edited by
mackay staff
on
2022-09-24 13:11:51
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Title
Committees — Selection of Bills Committee; Report- Committees - Selection of Bills Committee; Report - Treasury Laws Amendment (2021 Measures No. 1) Bill 2021
Description
<p class="speaker">Dean Smith</p><p>I present the second report of 2021 of the Selection of Bills Committee and I seek leave to have the report incorporated into <i>Hansard</i>.</p>-
- The majority voted against an [amendment](https://www.openaustralia.org.au/senate/?id=2021-02-18.60.2) introduced by Tasmanian Senator [Nick McKim](https://theyvoteforyou.org.au/people/senate/tasmania/nick_mckim) (Greens), which means it failed.
- Senator McKim [explained that](https://www.openaustralia.org.au/senate/?gid=2021-02-18.62.1):
- > *This amendment would change the reporting date from 12 March to 7 May. The Australian Greens, to be frank, would prefer an even longer inquiry time and believe that this bill warrants an extremely thorough examination by the committee, but we are putting forward 7 May as a sensible compromise here.*
- ### Amendment text
- > *At the end of the proposed amendment, omit "12 March 2021", substitute "7 May 2021".*
- ### Original motion text
- > *At the end of the motion, add "and, in respect of the Treasury Laws Amendment (2021 Measures No. 1) Bill 2021, the provisions of the bill be referred to the Economics Legislation Committee for inquiry and report by 12 March 2021".*
<p>Leave granted.</p><p class="italic"> <i>The report read as follows—</i></p><p class="italic">SELECTION OF BILLS COMMITTEE</p><p class="italic">REPORT NO. 2 OF 2021</p><p class="italic">18 February 2021</p><p class="italic">MEMBERS OF THE COMMITTEE</p><p class="italic">Senator Dean Smith (Government Whip, Chair)</p><p class="italic">Senator Perin Davey (The Nationals Whip)</p><p class="italic">Senator Stirling Griff (Centre Alliance Whip)</p><p class="italic">Senator Pauline Hanson (Pauline Hanson's One Nation Whip)</p><p class="italic">Senator Rachel Siewert (Australian Greens Whip)</p><p class="italic">Senator Anne Urquhart (Opposition Whip)</p><p class="italic">Senator Raff Ciccone</p><p class="italic">Senator Katy Gallagher</p><p class="italic">Senator Jacqui Lambie</p><p class="italic">Senator the Hon James McGrath</p><p class="italic">Senator Rex Patrick</p><p class="italic">Senator the Hon Anne Ruston</p><p class="italic">Secretary: Tim Bryant ph. 6277 3020</p><p class="italic">SELECTION OF BILLS COMMITTEE</p><p class="italic">REPORT NO. 2 OF 2021</p><p class="italic">1. The committee met in private session on Wednesday, 17 February 2021 at 7.35 pm.</p><p class="italic">2. The committee recommends that—</p><p class="italic">(a) the Environment Protection and Biodiversity Conservation Amendment (Regional Forest Agreements) Bill 2020 be referred immediately to the Environment and Communications Legislation Committee for inquiry and report by 11 May 2021 (see appendix 1 for a statement of reasons for referral)</p><p class="italic">(b) the provisions of the Treasury Laws Amendment (Your Future, Your Super) Bill 2021 be referred immediately to the Economics Legislation Committee for inquiry and report by 22 April 2021.</p><p class="italic">3. The committee deferred consideration of the following bills to its next meeting:</p><ul></ul><ul></ul><ul></ul><ul></ul><ul></ul><ul></ul><ul></ul><ul></ul><ul></ul><ul></ul><ul></ul><ul></ul><ul></ul><ul></ul><ul></ul><ul></ul><ul></ul><ul></ul><ul></ul><ul></ul><ul></ul><ul></ul><p class="italic">4. The committee considered the following bill but was unable to reach agreement:</p><ul></ul><p class="italic">(Dean Smith)</p><p class="italic">Chair</p><p class="italic">18 February 2021</p><p class="italic">Appendix 1</p><p class="italic">SELECTION OF BILLS COMMITTEE</p><p class="italic">Proposal to refer a bill to a committee</p><p class="italic">Name of bill:</p><p class="italic">Environment Protection and Biodiversity Conservation Amendment (Regional Forest Agreements) Bill 2020</p><p class="italic">Reasons for referral/principal issues for consideration:</p><ul></ul><ul></ul><ul></ul><ul></ul><ul></ul><p class="italic">Possible submissions or evidence from:</p><ul></ul><ul></ul><ul></ul><p class="italic">Committee to which bill is to be referred:</p><p class="italic">Environment Communications Legislation Committee</p><p class="italic">Possible hearing date(s):</p><p class="italic">March, April, 2021</p><p class="italic">Possible reporting date:</p><p class="italic">11 May 2021</p><p class="italic">(signed)</p><p class="italic">Bridget McKenzie</p><p class="italic">SELECTION OF BILLS COMMITTEE</p><p class="italic">Proposal to refer a bill to a committee</p><p class="italic">Name of bill:</p><p class="italic">Environment Protection and Biodiversity Conservation Amendment (Regional Forest Agreements) Bill 2020</p><p class="italic">Reasons for referral/principal issues for consideration:</p><p class="italic">Examine nature of the bill and its implication - employment and environmental - with regard to the context of the bill, including but not limited to the Samuel review.</p><p class="italic">Possible submissions or evidence from:</p><p class="italic">Industry, unions and environmental stakeholders</p><p class="italic">Committee to which bill is to be referred:</p><p class="italic">Senate Environment and Communications Legislation Committee</p><p class="italic">Possible hearing date(s):</p><p class="italic">To be determined by the committee</p><p class="italic">Possible reporting date:</p><p class="italic">May 2021</p><p class="italic">(signed)</p><p class="italic">Senator Anne Urquhart</p><p>I move:</p><p class="italic">That the report be adopted.</p> <p class="speaker">Jonathon Duniam</p><p>I move:</p><p class="italic">At the end of the motion, add "and, in respect of the Treasury Laws Amendment (2021 Measures No. 1) Bill 2021, the provisions of the bill be referred to the Economics Legislation Committee for inquiry and report by 12 March 2021".</p> <p class="speaker">Nick McKim</p><p>I would like to move an amendment to the government's amendment, which I understand has been circulated. I move:</p><p class="italic">At the end of the proposed amendment, omit "12 March 2021", substitute "7 May 2021".</p><p>It's important that colleagues realise that the Treasury Laws Amendment (2021 Measures No. 1) Bill 2021 was introduced into the House only yesterday. Among other things, it will reduce the obligation on a company to publicly report information that might affect a company's position, whether that be a good position or a bad position. On the face of it, the watering down of continuous disclosure requirements will increase the opportunity for insider trading. It's incumbent upon the Senate to properly examine what the government is proposing here and whom it will impact. There are millions of Australians who depend on the proper functioning of the stock market so that their superannuation accounts aren't eroded by people trading on inside information.</p><p>This amendment would change the reporting date from 12 March to 7 May. The Australian Greens, to be frank, would prefer an even longer inquiry time and believe that this bill warrants an extremely thorough examination by the committee, but we are putting forward 7 May as a sensible compromise here. I urge senators, and particularly One Nation senators, to give the Senate enough time to understand exactly what is being proposed, who it is going to affect and whether or not, in fact, the watering down of continuous disclosure requirements will increase the opportunity for insider trading.</p> <p class="speaker">Scott Ryan</p><p>The question is the amendment moved by Senator McKim to the amendment moved by Senator Duniam be agreed to.</p> -
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