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9 Dec 2013 · 4:59 PM · Division 1

Commonwealth Inscribed Stock Amendment Bill 2013

Consideration of Senate Message - Put the question
Official title
Commonwealth Inscribed Stock Amendment Bill 2013 - Consideration of Senate Message - Put the question

Ayes in the majority

This says only which side won the vote, because what Aye and No meant here depends on the exact question put in the chamber.

Aye
85
No
52
Not recorded voting
12

“Not recorded voting” is everyone eligible who isn't recorded as Aye or No, for example absent, paired, or presiding.

What was decided

The majority voted in favour of a motion that the question be put.

This means that the question can now be put, which is that the requested amendment be made.(See that division here. )

Background to Bill

On 22 October 2013, the Abbott Government announced that it will raise the debt ceiling from $300 billion to $500 billion.(Read more about this in the media here. ) This was following the August 2013 Pre-Election Economic and Fiscal Outlook which reported that the Treasurer's standing borrowing authority would reach the $300 billion limit by December 2013.

The purpose of the increase to the debt ceiling is to "provide stability and certainty to financial markets about the Government's ability to issue sufficient debt to manage its budget".(See the explanatory memorandum (106 KB). More about the bill, including its bills digest, is available here.)

Summary written by They Vote For You contributors. Read it with the debate

Policies this vote counts towards

How They Vote For You uses this vote when scoring members against each policy.

Votes by party

Both bars use the same scale: number of members.
Aye
85
No
52
Votes by party as a table
PartyAyeNo
Liberal Party690
Australian Labor Party049
National Party140
Independent02
Australian Greens01
Country Liberal Party10
Pauline Hanson's One Nation Party10

How each member voted

Aye · 85

No · 52

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