The majority voted in favour of a motion that schedule 2 of the Emergency Response Fund (Consequential Amendments) Bill 2019 stand as printed. In other words, they wanted to keep that schedule unchanged.
What is Schedule 2?
Schedule 2 abolishes the Education Investment Fund ("EIF"). According to the bills digest:
The EIF was established on 1 January 2009 by section 131 of the Nation-building Funds Act 2008 (NBF Act), to provide dedicated ongoing capital funding for tertiary education and research infrastructure, including for universities, vocational education and training providers and other non-university organisations.
The EIF was intended to provide a large-scale funding source for transformational projects which would allow Australian research and tertiary education institutions to compete effectively with international counterparts.
Unlike many other tertiary education infrastructure funding programs, the EIF was not limited to supporting research infrastructure, but instead funded a wide range of investments, including learning and teaching spaces.