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senate vote 2023-03-28#19
Edited by
mackay staff
on
2023-04-07 10:09:41
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Title
Bills — National Reconstruction Fund Corporation Bill 2023; in Committee- National Reconstruction Fund Corporation Bill 2023 - in Committee - Reviews, reports, priority areas
Description
<p class="speaker">Andrew McLachlan</p><p>The question now is that the opposition's amendments on sheets 1821, 1824, 1825, 1829 and 1841 be agreed to.</p>-
- The majority voted against [Opposition amendments](https://www.openaustralia.org.au/senate/?gid=2023-03-28.346.1), which means they failed.
- ### Amendment text
- > *SHEET 1821*
- >
- >> *(1) Clause 6, page 10 (lines 26 to 30), omit the clause, substitute:*
- >>
- >>> *6 Priority areas of the Australian economy*
- >>>
- >>> *(1) Each of the following areas of the Australian economy is a priority area of the Australian economy to enhance sovereign manufacturing capability for the purposes of this Act:*
- >>>
- >>>> *(a) resources technology and critical minerals processing;*
- >>>>
- >>>> *(b) food, fibre and beverage;*
- >>>>
- >>>> *(c) medical products;*
- >>>>
- >>>> *(d) recycling and clean energy;*
- >>>>
- >>>> *(e) defence;*
- >>>>
- >>>> *(f) space.*
- >>>
- >>> *(2) In addition, the Ministers may, by legislative instrument, declare that each area of the Australian economy specified in the declaration is a priority area of the Australian economy for the purposes of this Act.*
- >
- > *SHEET 1824*
- >
- >> *(1) Clause 71, page 44 (after line 18), at the end of the clause, add:*
- >>
- >>> *(4) A direction under subsection (1) does not come into effect until it has been approved by resolution of each House of the Parliament.*
- >
- > *SHEET 1825*
- >
- >> *(1) Heading to clause 82, page 50 (line 10), omit the heading, substitute:*
- >>
- >>> *82 Publication and tabling of investment reports*
- >>
- >> *(2) Clause 82, page 50 (before line 11), before subclause (1), insert:*
- >>
- >>> *Publication of investment reports by the Corporation*
- >>
- >> *(3) Clause 82, page 51 (after line 9), after subclause (1), insert:*
- >>
- >>> *(1A) The Corporation must, within one month after the end of each quarter, give a copy of the report for that quarter to the Minister.*
- >>
- >> *(4) Clause 82, page 51 (after line 14), at the end of the clause, add:*
- >>
- >>> *Tabling of investment reports by the Minister*
- >>>
- >>> *(3) The Minister must cause a copy of each report given to the Minister under subsection (1A) to be tabled in each House of the Parliament no later than the 3 sitting days of that House after the report is given to the Minister.*
- >
- > *SHEET 1829*
- >
- >> *(1) Clause 91, page 56 (line 29), omit "review is completed", substitute "report is given to the nominated Minister".*
- >>
- >> *(2) Clause 91, page 57 (lines 2 and 3), omit "5 years", substitute "1 year".*
- >>
- >> *(3) Clause 91, page 57 (line 6), omit "5 years", substitute "1 year".*
- >>
- >> *(4) Clause 91, page 57 (lines 8 to 10), omit subclause (7), substitute:*
- >>
- >>> *(7) For the purposes of subsections (5) and (6), a review is completed when the report of the review is tabled in each House of the Parliament under subsection (4).*
- >
- > *SHEET 1841*
- >
- >> *(1) Clause 82, page 50 (line 20), at the end of paragraph (1)(a), add:*
- >>
- >>> *and (iv) the name of the constitutional corporation;*
- >>
- >> *(2) Clause 82, page 50 (line 28), at the end of paragraph (1)(b), add:*
- >>
- >>> *and (iv) the name of the entity or individual;*
- >>
- >> *(3) Clause 82, page 51 (line 2), at the end of paragraph (1)(c), add:*
- >>
- >>> *and (iv) the name of the entity;*
- >>
- >> *(4) Clause 82, page 51 (line 6), at the end of paragraph (1)(d), add:*
- >>
- >>> *and (iii) the State or Territory to which the financial accommodation was provided;*
<p> <i>Opposition's circulated </i> <i>amendments—</i></p><p class="italic">SHEET 1821</p><p class="italic">(1) Clause 6, page 10 (lines 26 to 30), omit the clause, substitute:</p><p class="italic">6 Priority areas of the Australian economy</p><p class="italic">(1) Each of the following areas of the Australian economy is a <i>priority area of the Australian economy</i> to enhance sovereign manufacturing capability for the purposes of this Act:</p><p class="italic">(a) resources technology and critical minerals processing;</p><p class="italic">(b) food, fibre and beverage;</p><p class="italic">(c) medical products;</p><p class="italic">(d) recycling and clean energy;</p><p class="italic">(e) defence;</p><p class="italic">(f) space.</p><p class="italic">(2) In addition, the Ministers may, by legislative instrument, declare that each area of the Australian economy specified in the declaration is a <i>priority area of the Australian economy</i> for the purposes of this Act.</p><p class="italic">SHEET 1824</p><p class="italic">(1) Clause 71, page 44 (after line 18), at the end of the clause, add:</p><p class="italic">(4) A direction under subsection (1) does not come into effect until it has been approved by resolution of each House of the Parliament.</p><p class="italic">SHEET 1825</p><p class="italic">(1) Heading to clause 82, page 50 (line 10), omit the heading, substitute:</p><p class="italic">82 Publicati on and tabling of investment reports</p><p class="italic">(2) Clause 82, page 50 (before line 11), before subclause (1), insert:</p><p class="italic"> <i>Publication of investment reports by the Corporation</i></p><p class="italic">(3) Clause 82, page 51 (after line 9), after subclause (1), insert:</p><p class="italic">(1A) The Corporation must, within one month after the end of each quarter, give a copy of the report for that quarter to the Minister.</p><p class="italic">(4) Clause 82, page 51 (after line 14), at the end of the clause, add:</p><p class="italic"> <i>Tabling of investment reports by the Minister</i></p><p class="italic">(3) The Minister must cause a copy of each report given to the Minister under subsection (1A) to be tabled in each House of the Parliament no later than the 3 sitting days of that House after the report is given to the Minister.</p><p class="italic">SHEET 1829</p><p class="italic">(1) Clause 91, page 56 (line 29), omit "review is completed", substitute "report is given to the nominated Minister".</p><p class="italic">(2) Clause 91, page 57 (lines 2 and 3), omit "5 years", substitute "1 year".</p><p class="italic">(3) Clause 91, page 57 (line 6), omit "5 years", substitute "1 year".</p><p class="italic">(4) Clause 91, page 57 (lines 8 to 10), omit subclause (7), substitute:</p><p class="italic">(7) For the purposes of subsections (5) and (6), a review is completed when the report of the review is tabled in each House of the Parliament under subsection (4).</p><p class="italic">SHEET 1841</p><p class="italic">(1) Clause 82, page 50 (line 20), at the end of paragraph (1)(a), add:</p><p class="italic">and (iv) the name of the constitutional corporation;</p><p class="italic">(2) Clause 82, page 50 (line 28), at the end of paragraph (1)(b), add:</p><p class="italic">and (iv) the name of the entity or individual;</p><p class="italic">(3) Clause 82, page 51 (line 2), at the end of paragraph (1)(c), add:</p><p class="italic">and (iv) the name of the entity;</p><p class="italic">(4) Clause 82, page 51 (line 6), at the end of paragraph (1)(d), add:</p><p class="italic">and (iii) the State or Territory to which the financial accommodation was provided;</p><p>The question is that the amendments on sheets 1821, 1824, 1825, 1829 and 1841 be agreed to.</p><p></p><p></p> -
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