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29 Mar 2023 · 12:02 PM · Division 1

National Reconstruction Fund Corporation Bill 2023

Amendment

A vote on changing the text of a bill or motion, not on passing it.

Official title
National Reconstruction Fund Corporation Bill 2023 - Consideration of Senate Message - Agree with the Senate amendments

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
87
No
56
Not recorded voting
7

“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 agree with the Senate's amendments to the bill. This means that the bill's final form has now been agreed to by both levels of parliament and will become law.

What does this bill do?

According to the bills digest:

Background

  • The Australian Labor Party (ALP) committed to the $15 billion National Reconstruction Fund on 15 November 2021 as ‘the first step in Labor’s plan to rebuild Australia’s industrial base’.
  • Arguments for the proposal have focused on Australia’s low manufacturing self-sufficiency and ‘economic complexity’. Opponents have focused on the risks created by market interventions.
  • Outside Parliament, a broad range of interest groups have supported the proposal.

Purpose of the Bill

  • The main purpose of the National Reconstruction Fund Corporation Bill 2022 (the Bill) is to establish the National Reconstruction Fund Corporation (NRFC) in order to ‘facilitate increased flows of finance into priority areas of the Australian economy’.

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
87
No
55
Votes by party as a table
PartyAyeNo
Australian Labor Party740
Liberal Party033
Independent92
National Party011
Liberal National Party07
Australian Greens40
Katter's Australian Party01
Pauline Hanson's One Nation Party01

How each member voted

Aye · 87

No · 55

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