Division Description Changes — Bills — National Reconstruction Fund Corporation Bill 2023; Second Reading — 28th Mar 2023

Change	Division
senate vote 2023-03-28#11 Edited by mackay staff on 2023-03-31 09:11:46	Title Bills — National Reconstruction Fund Corporation Bill 2023; Second Reading National Reconstruction Fund Corporation Bill 2023 - Second Reading - Further initiatives needed Description ~~<p class="speaker">Sue Lines</p>~~ ~~<p>The question is that the second reading amendment on sheet 1914 revised, circulated by Senator David Pocock, be agreed to.</p>~~ The *majority voted in favour of an [amendment](https://www.openaustralia.org.au/senate/?gid=2023-03-28.132.1) to the usual second reading motion, which is "T*hat this bill be now read a second time." To [read a bill for a second time](https://peo.gov.au/understand-our-parliament/how-parliament-works/bills-and-laws/making-a-law-in-the-australian-parliament/) is to agree with its main idea. This amendment does not make any changes to the bill itself but still has political significance because it represents the will of the Senate. It was introduced by ACT Senator [David Pocock](https://theyvoteforyou.org.au/people/senate/act/david_pocock) (Independent). ### Amendment text > At the end of the motion, add ", but the Senate: > > (a) notes that: > >> (i) the success of the National Reconstruction Fund Corporation's work will depend in large part on the existence of a sustainable pipeline of eligible projects at a stage suitable for funding through the Corporation, and >> >> (ii) the work of the Corporation will reach across multiple portfolio areas and have a long-term, transformative impact on Australia's economy and industrial base; and > > (b) calls on the Government to: > >> (i) commit to exploring additional policy mechanisms to provide Australian startups access to finance as they navigate the path to commercialisation, and >> >> (ii) establish an office for the Corporation in the Australian Capital Territory to foster collaborative engagement with other key government bodies and private corporations and access to a skilled local workforce". <p class="italic"> <i>Senator David Pocock's circulated second reading amendment—</i></p> ~~<p class="italic">At the end of the motion, add ", but the Senate:</p>~~ ~~<p class="italic">(a) notes that:</p>~~ <p class="italic">(i) the success of the National Reconstruction Fund Corporation's work will depend in large part on the existence of a sustainable pipeline of eligible projects at a stage suitable for funding through the Corporation, and</p> ~~<p class="italic">(ii) the work of the Corporation will reach across multiple portfolio areas and have a long-term, transformative impact on Australia's economy and industrial base; and</p>~~ ~~<p class="italic">(b) calls on the Government to:</p>~~ ~~<p class="italic">(i) commit to exploring additional policy mechanisms to provide Australian startups access to finance as they navigate the path to commercialisation, and</p>~~ <p class="italic">(ii) establish an office for the Corporation in the Australian Capital Territory to foster collaborative engagement with other key government bodies and private corporations and access to a skilled local workforce".</p> ~~<p></p>~~ ~~<p></p>~~

~~Sue Lines~~
~~The question is that the second reading amendment on sheet 1914 revised, circulated by Senator David Pocock, be agreed to.~~
The majority voted in favour of an [amendment](https://www.openaustralia.org.au/senate/?gid=2023-03-28.132.1) to the usual second reading motion, which is "*That this bill be now read a second time.*" To [read a bill for a second time](https://peo.gov.au/understand-our-parliament/how-parliament-works/bills-and-laws/making-a-law-in-the-australian-parliament/) is to agree with its main idea.
This amendment does not make any changes to the bill itself but still has political significance because it represents the will of the Senate. It was introduced by ACT Senator [David Pocock](https://theyvoteforyou.org.au/people/senate/act/david_pocock) (Independent).
### Amendment text
> *At the end of the motion, add ", but the Senate:*
>
> *(a) notes that:*
>
>> *(i) the success of the National Reconstruction Fund Corporation's work will depend in large part on the existence of a sustainable pipeline of eligible projects at a stage suitable for funding through the Corporation, and*
>>
>> *(ii) the work of the Corporation will reach across multiple portfolio areas and have a long-term, transformative impact on Australia's economy and industrial base; and*
>
> *(b) calls on the Government to:*
>
>> *(i) commit to exploring additional policy mechanisms to provide Australian startups access to finance as they navigate the path to commercialisation, and*
>>
>> *(ii) establish an office for the Corporation in the Australian Capital Territory to foster collaborative engagement with other key government bodies and private corporations and access to a skilled local workforce".*
Senator David Pocock's circulated second reading amendment—
~~At the end of the motion, add ", but the Senate:~~
~~(a) notes that:~~
(i) the success of the National Reconstruction Fund Corporation's work will depend in large part on the existence of a sustainable pipeline of eligible projects at a stage suitable for funding through the Corporation, and
~~(ii) the work of the Corporation will reach across multiple portfolio areas and have a long-term, transformative impact on Australia's economy and industrial base; and~~
~~(b) calls on the Government to:~~
~~(i) commit to exploring additional policy mechanisms to provide Australian startups access to finance as they navigate the path to commercialisation, and~~
(ii) establish an office for the Corporation in the Australian Capital Territory to foster collaborative engagement with other key government bodies and private corporations and access to a skilled local workforce".
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