The majority voted against an opposition amendment moved by Liberal MP Greg Hunt.
According to MP Hunt, the amendments guarantee: "no general buybacks to achieve the 450 gigalitres; neutral or beneficial socioeconomic outcomes; a 1,500-gigalitre buyback cap; and adequate reporting".(You can read MP Hunt's entire discussion of the amendment here. )
Background to the bill
The bill(A copy of the bill, its explanatory memoranda and amendments are available here. ) was introduced to establish an Environment Special Account to fund projects that protect and restore environmental assets of the Murray-Darling Basin (MDB) and protect water dependent biodiversity of the MDB.(Read more about the bill in this bills digest (696 KB).) The projects will include those that increase the available environmental water in the MDB by 450 Gigalitres.
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