Summary

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The majority voted in favour of amendments introduced by Tasmanian Senator Nick McKim (Greens), which means they will now be included in the bill. The bill will now be sent back to the House of Representatives, where our MPs will decide on whether they agree with the change.

What do the amendments do?

ACT Senator Katy Gallagher (Labor) said that the Government would be supporting the amendments and explained that:

The amendments remove grandfathering arrangements that exempt certain large proprietary companies from submitting audited annual reports to ASIC. There is no clear economic or policy reason for continuing this exemption. The amendments will remove the exemption, improving transparency and removing an information asymmetry between exempt proprietary companies and their competitors who were not grandfathered. Removal of this was recommended by the Senate Economics References Committee in 2015 and in subsequent reports in 2016 and 2018.

Votes Passed by a small majority

Nobody rebelled against their party.

Party Votes
Australian Greens (100% turnout) 12 Yes 0 No
Penny Allman-Payne Queensland Yes
Dorinda Cox WA Yes
Mehreen Faruqi NSW Yes
Sarah Hanson-Young SA Yes
Nick McKim Tasmania Yes
Barbara Pocock SA Yes
Janet Rice Victoria Yes
David Shoebridge NSW Yes
Jordon Steele-John WA Yes
Lidia Thorpe Victoria Yes
Larissa Waters Queensland Yes
Peter Whish-Wilson Tasmania Yes
Australian Labor Party (84% turnout) 21 Yes 0 No
Catryna Bilyk Tasmania Yes
Carol Brown Tasmania Yes
Anthony Chisholm Queensland Yes
Raff Ciccone Victoria Yes
Patrick Dodson WA Yes
Don Farrell SA Yes
Katy Gallagher ACT Yes
Nita Green Queensland Yes
Karen Grogan SA Yes
Jenny McAllister NSW Yes
Malarndirri McCarthy NT Yes
Deborah O'Neill NSW Yes
Fatima Payman WA Yes
Helen Polley Tasmania Yes
Louise Pratt WA Yes
Marielle Smith SA Yes
Glenn Sterle WA Yes
Jana Stewart Victoria Yes
Anne Urquhart Tasmania Yes
Jess Walsh Victoria Yes
Linda White Victoria Yes
Tim Ayres NSW Absent
Tony Sheldon NSW Absent
Murray Watt Queensland Absent
Penny Wong SA Absent
Jacinta Nampijinpa Price NT Country Liberal Party No
Andrew McLachlan SA Deputy President No
David Pocock ACT Independent Yes
Jacqui Lambie Network (50% turnout) 1 Yes 0 No
Tammy Tyrrell Tasmania Yes
Jacqui Lambie Tasmania Absent
Liberal National Party (100% turnout) 0 Yes 2 No
Matthew Canavan Queensland No
James McGrath Queensland No
Liberal Party (83% turnout) 0 Yes 20 No
Alex Antic SA No
Wendy Askew Tasmania No
Andrew Bragg NSW No
Slade Brockman WA No
Michaelia Cash WA No
Claire Chandler Tasmania No
Richard Colbeck Tasmania No
Jonathon Duniam Tasmania No
David Fawcett SA No
Sarah Henderson Victoria No
Hollie Hughes NSW No
Jane Hume Victoria No
Matt O'Sullivan WA No
James Paterson Victoria No
Gerard Rennick Queensland No
Linda Reynolds WA No
Anne Ruston SA No
Paul Scarr Queensland No
Dean Smith WA No
David Van Victoria No
Simon Birmingham SA Absent
Kerrynne Liddle SA Absent
Jim Molan NSW Absent
Marise Payne NSW Absent
National Party (75% turnout) 0 Yes 3 No
Ross Cadell NSW No
Perin Davey NSW No
Bridget McKenzie Victoria No
Susan McDonald Queensland Absent
Pauline Hanson's One Nation Party (50% turnout) 1 Yes 0 No
Malcolm Roberts Queensland Yes
Pauline Hanson Queensland Absent
Sue Lines WA President Yes
Ralph Babet Victoria United Australia Party Absent
Totals (84% turnout) 37 Yes – 27 No