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Political Tracker

4 Feb 2009 · 5:24 AM · Division 8

Commonwealth Inscribed Stock Amendment Bill 2009

Second Reading - Read a second time
Official title
Commonwealth Inscribed Stock Amendment Bill 2009 - Second Reading - Read a second time

Second reading agreed to

Aye
76
No
51
Not recorded voting
23

“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 to read the bill for a second time.

This means that the majority of Members of Parliament (MPs) agree with the main idea of the bill and will now decide whether to pass it in the House of Representatives, which subsequently occurred without division.(See Open Australia for this vote. )

Background to the bill

The bill was introduced to amend the Commonwealth Inscribed Stock Act 1911 so that the Treasurer is authorised to increase the cap on the face value of Commonwealth Government Securities on issue by $125 billion in special circumstances.(Read more about the bill here, including its explanatory memorandum and bills digest.) Prior to this, there was a debt limit of $75 billion, which had been introduced by the Commonwealth Securities and Investment Legislation Amendment Act 2008.

References

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
78
No
53
Votes by party as a table
PartyAyeNo
Australian Labor Party750
Liberal Party047
National Party06
Independent20
CWM10

How each member voted

Aye · 78

No · 53

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