Future Made in Australia Bill 2024

The majority voted against an amendment introduced by Hume MP Angus Taylor (Liberal), which means it failed. The amendment would have amended the usual second reading motion, which is "that the bill be read a second time" (parliamentary jargon for agreeing with the main idea of the bill).

Amendment text

That all words after “That” be omitted with a view to substituting the following words:

“the House declines to give the bill a second reading, and:

(1) notes:

(a) the failure of billions of dollars of the Government’s Future Made in Australia spending to meet the standards and processes laid out in this Bill and the significant integrity concerns around these investments;

(b) the Government’s Future Made in Australia policy has been criticised by many eminent economists including the Productivity Commission’s Danielle Wood; former Productivity Commissioner Gary Banks; Australian National University visiting fellow Steven Hamilton; and University of New South Wales’ Professor Richard Holden; and

(c) this policy does not make up for the Government’s failures on economic management that are driving up the costs of manufacturing and have caused a tripling of manufacturing insolvencies since June 2022; and

(2) calls on the Government to get Australia’s economy back on track and back to basics by fighting inflation and reducing wasteful spending, reducing complexity and red tape for business, supporting affordable, reliable energy, and delivering lower, simpler, fairer taxes”.