Export Finance and Insurance Corporation Amendment (Strategic Reserve) Bill 2026

The majority voted against a One Nation amendment, which means it was unsuccessful. The amendment would have introduced an independent review into the bill.

Amendment text

(1) Clause 2, page 2 (table item 1), omit "Sections 1 to 3", substitute "Sections 1 to 4".

(2) Page 2 (after line 12), after clause 3, insert:

4 Review of operation of Act

(1) The Minister must cause an independent review to be conducted of the operation of the amendments made by this Act.

(2) Without limiting the matters that may be considered when conducting the review, the review must consider the potential for conflict with other legislation, including, but not limited to, the following:

(a) the Australian National Registry of Emissions Units Regulations 2011;

(b) the Carbon Credits (Carbon Farming Initiative) Rule 2015;

(c) the Environment Protection and Biodiversity Conservation Act 1999;

(d) the National Greenhouse and Energy Reporting Act 2007;

(e) the National Greenhouse and Energy Reporting (Safeguard Mechanism) Rule 2015.

Timing of review

(3) The review must commence as soon as practicable after this section commences.

(4) The person or persons who conduct the review must complete the review before the end of the period of 6 months beginning on the day the review commences.

Minister to be given report of review

(5) The persons conducting the review must give the Minister a written report of the review as soon as practicable after the review is completed.

Minister to table report of review

(6) The Minister must table a copy of the report in each House of the Parliament within 15 sitting days of that House after the Minister receives the report.