edited
17th Mar 2023
Treasury Laws Amendment (2023 Measures No. 1) Bill 2023 - Report from Federation Chamber - Franking credits
Passed by a small majority
No rebellions 92% attendance
15th Nov 2023, 10:28 AM – Senate Treasury Laws Amendment (2023 Measures No. 1) Bill 2023 - in Committee - Franked distributions—proportionality
Summary
EditThe majority voted in favour of government amendments (1) to (16) on sheet ZB218, which means they'll now be included in the bill. When introducing these amendments, Northern Territory Senator Malarndirri McCarthy (Labor) also introduced a supplementary explanatory memorandum which provided further information.
Amendment text
(1) Clause 2, page 2 (table item 5), omit the table item, substitute:
(2) Clause 2, page 2 (table item 6), omit the table item, substitute:
(3) Schedule 4, item 21, page 40 (lines 7 to 9), omit "after 7:30 pm, by legal time in the Australian Capital Territory, on 25 October 2022", substitute "on or after 18 November 2022".
(4) Schedule 4, item 21, page 40 (lines 14 and 15), omit "after 7:30 pm, by legal time in the Australian Capital Territory, on 25 October 2022", substitute "on or after 18 November 2022".
(5) Schedule 5, item 1, page 41 (line 7), after "a distribution", insert "or a part of a distribution".
(6) Schedule 5, item 2, page 41 (line 13), after "of a kind", insert ", or a part (the relevant part) of a distribution (also a relevant distribution) of a kind,".
(7) Schedule 5, item 2, page 41 (line 27), after "funding of", insert "a substantial part of".
(8) Schedule 5, item 2, page 41 (line 28), omit "part of the relevant distribution", substitute "the relevant part".
(9) Schedule 5, item 2, page 41 (line 32), after "funding", insert "a substantial part of".
(10) Schedule 5, item 2, page 41 (line 33), omit "part of the relevant distribution", substitute "the relevant part".
(11) Schedule 5, item 2, page 41 (line 33), at the end of subsection (1), add:
; (d) the issue of the equity interests was not a direct response in order to meet a requirement, direction or recommendation from APRA or ASIC.
(12) Schedule 5, item 2, page 42 (line 23), after "apply to", insert "all or any part of".
(13) Schedule 5, item 2, page 42 (line 25), after "funding", insert "all or part of".
(14) Schedule 5, item 2, page 42 (line 35), at the end of paragraph 207-159(4)(b), add "or the relevant part (as the case may be)".
(15) Schedule 5, item 3, page 44 (line 8), omit "15 September 2022", substitute "the commencement of this Schedule".
(16) Schedule 5, item 3, page 44 (line 12), omit "15 September 2022", substitute "the commencement of this Schedule".
Votes Passed by a small majority
Nobody rebelled against their party.
| Party | Votes | |
|---|---|---|
| Australian Greens (100% turnout) | 11 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 | |
| Larissa Waters Queensland | Yes | |
| Peter Whish-Wilson Tasmania | Yes | |
| Australian Labor Party (64% turnout) | 16 Yes – 0 No | |
| Anthony Chisholm Queensland | Yes | |
| Raff Ciccone Victoria | 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 | |
| Tony Sheldon NSW | Yes | |
| Marielle Smith SA | Yes | |
| Glenn Sterle WA | Yes | |
| Jana Stewart Victoria | Yes | |
| Anne Urquhart Tasmania | Yes | |
| Jess Walsh Victoria | Yes | |
| Tim Ayres NSW | Absent | |
| Catryna Bilyk Tasmania | Absent | |
| Carol Brown Tasmania | Absent | |
| Patrick Dodson WA | Absent | |
| Don Farrell SA | Absent | |
| Katy Gallagher ACT | Absent | |
| Murray Watt Queensland | Absent | |
| Linda White Victoria | Absent | |
| Penny Wong SA | Absent | |
| Jacinta Nampijinpa Price NT Country Liberal Party | Absent | |
| Andrew McLachlan SA Deputy President | Absent | |
| David Pocock ACT Independent | Yes | |
| Lidia Thorpe Victoria Independent | Absent | |
| David Van Victoria Independent | Absent | |
| Jacqui Lambie Network (100% turnout) | 2 Yes – 0 No | |
| Jacqui Lambie Tasmania | Yes | |
| Tammy Tyrrell Tasmania | Yes | |
| Liberal National Party (0% turnout) | Absent | |
| Matthew Canavan Queensland | Absent | |
| James McGrath Queensland | Absent | |
| Liberal Party (73% turnout) | 0 Yes – 16 No | |
| Alex Antic SA | No | |
| Wendy Askew Tasmania | No | |
| Andrew Bragg NSW | No | |
| Slade Brockman WA | No | |
| Michaelia Cash WA | No | |
| Richard Colbeck Tasmania | No | |
| Jonathon Duniam Tasmania | No | |
| Hollie Hughes NSW | No | |
| Kerrynne Liddle SA | 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 | |
| Simon Birmingham SA | Absent | |
| Claire Chandler Tasmania | Absent | |
| David Fawcett SA | Absent | |
| Sarah Henderson Victoria | Absent | |
| Jane Hume Victoria | Absent | |
| Maria Kovacic NSW | Absent | |
| National Party (100% turnout) | 0 Yes – 4 No | |
| Ross Cadell NSW | No | |
| Perin Davey NSW | No | |
| Susan McDonald Queensland | No | |
| Bridget McKenzie Victoria | No | |
| Pauline Hanson's One Nation Party (100% turnout) | 0 Yes – 2 No | |
| Pauline Hanson Queensland | No | |
| Malcolm Roberts Queensland | No | |
| Sue Lines WA President | Absent | |
| Ralph Babet Victoria United Australia Party | No | |
| Totals (71% turnout) | 30 Yes – 23 No |
Turnout is the percentage of members eligible to vote that did vote.