Summary

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The majority voted against an amendment introduced by ACT Senator Katy Gallagher (Labor), which means it failed. The amendment would have added the text below to the usual second reading motion. A second reading motion is "that the bill be read a second time," which is parliamentary jargon for agreeing with the main idea of the bill.

Amendment text

At the end of the motion, add ", but the Senate notes the Government has:

(a) failed to effectively deliver professional standards reform in the financial advice sector;

(b) been too slow to implement the findings of the Hayne Royal Commission;

(c) established and then shut down the failed Financial Adviser Standards and Ethics Authority;

(d) failed to adequately protect consumers; and

(e) caused uncertainty and unnecessary costs for thousands of financial advisers across Australia".

Votes Not passed by a small majority

Nobody rebelled against their party.

Party Votes
Australian Greens (56% turnout) 5 Yes 0 No
Dorinda Cox WA Yes
Mehreen Faruqi NSW Yes
Sarah Hanson-Young SA Yes
Nick McKim Tasmania Yes
Janet Rice Victoria Yes
Jordon Steele-John WA Absent
Lidia Thorpe Victoria Absent
Larissa Waters Queensland Absent
Peter Whish-Wilson Tasmania Absent
Australian Labor Party (56% turnout) 14 Yes 0 No
Tim Ayres NSW Yes
Kim Carr Victoria Yes
Anthony Chisholm Queensland Yes
Raff Ciccone Victoria Yes
Don Farrell SA Yes
Nita Green Queensland Yes
Karen Grogan SA Yes
Kristina Keneally NSW Yes
Jenny McAllister NSW Yes
Deborah O'Neill NSW Yes
Louise Pratt WA Yes
Tony Sheldon NSW Yes
Anne Urquhart Tasmania Yes
Murray Watt Queensland Yes
Catryna Bilyk Tasmania Absent
Carol Brown Tasmania Absent
Patrick Dodson WA Absent
Katy Gallagher ACT Absent
Kimberley Kitching Victoria Absent
Malarndirri McCarthy NT Absent
Helen Polley Tasmania Absent
Marielle Smith SA Absent
Glenn Sterle WA Absent
Jess Walsh Victoria Absent
Penny Wong SA Absent
Stirling Griff SA Centre Alliance Absent
Sam McMahon NT Country Liberal Party Absent
Sue Lines WA Deputy President Yes
Rex Patrick SA Independent No
Jacqui Lambie Tasmania Jacqui Lambie Network Absent
Liberal National Party (100% turnout) 0 Yes 2 No
Matthew Canavan Queensland No
James McGrath Queensland No
Liberal Party (68% turnout) 0 Yes 19 No
Andrew Bragg NSW No
Slade Brockman WA No
Michaelia Cash WA No
Claire Chandler Tasmania No
Richard Colbeck Tasmania No
Concetta Fierravanti-Wells NSW No
Hollie Hughes NSW No
Jane Hume Victoria No
Jim Molan NSW No
Matt O'Sullivan WA No
James Paterson Victoria No
Marise Payne NSW No
Linda Reynolds WA No
Anne Ruston SA No
Paul Scarr Queensland No
Zed Seselja ACT No
Ben Small WA No
Dean Smith WA No
Amanda Stoker Queensland No
Eric Abetz Tasmania Absent
Alex Antic SA Absent
Wendy Askew Tasmania Absent
Simon Birmingham SA Absent
Jonathon Duniam Tasmania Absent
David Fawcett SA Absent
Sarah Henderson Victoria Absent
Andrew McLachlan SA Absent
Gerard Rennick Queensland Absent
David Van Victoria Absent
National Party (67% turnout) 0 Yes 2 No
Perin Davey NSW No
Bridget McKenzie Victoria No
Susan McDonald Queensland Absent
Pauline Hanson's One Nation Party (50% turnout) 0 Yes 1 No
Malcolm Roberts Queensland No
Pauline Hanson Queensland Absent
Slade Brockman WA President Absent
Totals (60% turnout) 20 Yes – 25 No