Budget Savings (Omnibus) Bill 2016

The majority voted against a motion to delete Schedule 5 from the bill, which means it was unsuccessful and that Schedule 5 will remain in the bill.

What does this schedule do?

The purpose of Schedule 5 is to reduce funding to the Australian Renewable Energy Agency. According to the bills digest, this:

giv[es] effect to the Government’s policy to discontinue providing grants for renewable energy research and development in favour of a limited new loans and equity investment scheme known as the Clean Energy Innovation Fund

Motion text

(1) Schedule 5, page 18 (lines 1 to 7), omit the Schedule.