Bill
Commonwealth Inscribed Stock Amendment Bill 2013
passed, as at 2013-12-10. Treasury portfolio.
- Sponsor
- Not recorded
- Portfolio
- Treasury
Recorded stages
- introduced — 2013-11-13
- second reading — 2013-11-13
- second reading — 2013-11-13
- second reading — 2013-11-13
- committee — 2013-11-13
- third reading — 2013-11-13
- introduced — 2013-11-14
- second reading — 2013-11-14
- second reading — 2013-11-14
- second reading — 2013-11-14
- committee — 2013-11-14
- third reading — 2013-11-14
- other — 2013-11-14
- other — 2013-12-02
- other — 2013-12-05
- other — 2013-12-09
- other — 2013-12-09
- passed — 2013-12-09
- royal assent — 2013-12-10
Divisions
- Commonwealth Inscribed Stock Amendment Bill 2013 - Consideration in Detail - Debt ceiling of $400 billion — 2013-11-13, House of Representatives: negative, ayes 54, noes 81
- Commonwealth Inscribed Stock Amendment Bill 2013 - Consideration of Senate Message - Debt ceiling of $400 billion — 2013-11-14, House of Representatives: affirmative, ayes 82, noes 48
- Commonwealth Inscribed Stock Amendment Bill 2013 - In Committee - Debt ceiling of $400 billion — 2013-11-14, Senate: affirmative, ayes 37, noes 33
- Commonwealth Inscribed Stock Amendment Bill 2013 - Consideration of Senate Message - Put the question — 2013-12-09, House of Representatives: affirmative, ayes 85, noes 52
- Commonwealth Inscribed Stock Amendment Bill 2013 - Consideration of Senate Message - Make requested amendments — 2013-12-09, House of Representatives: affirmative, ayes 88, noes 49
- Commonwealth Inscribed Stock Amendment Bill 2013 - Consideration of Senate Message - Put the question re: removing the debt limit — 2013-12-09, House of Representatives: affirmative, ayes 83, noes 50
- Commonwealth Inscribed Stock Amendment Bill 2013 - Consideration of House of Representatives Message - Removing debt limit — 2013-12-09, Senate: affirmative, ayes 41, noes 25
- Commonwealth Inscribed Stock Amendment Bill 2013 - Consideration of House of Representatives Message - Agree to bill as amended — 2013-12-09, Senate: affirmative, ayes 41, noes 25
- Commonwealth Inscribed Stock Amendment Bill 2013 - Consideration of House of Representatives Message - Adopt report — 2013-12-09, Senate: affirmative, ayes 41, noes 26
Plain-language summary
Written by a model from the explanatory memorandum; not the record, as at 2013-11-13.
This bill would raise the legal cap on how much the Treasurer can borrow on behalf of the Commonwealth.
It does this by amending the Commonwealth Inscribed Stock Act 1911 to lift the borrowing limit from $300 billion to $500 billion.
The change would take effect on the day the bill receives Royal Assent.
- The bill raises the Treasurer's standing borrowing authority to $500 billion.
- The bill amends the Commonwealth Inscribed Stock Act 1911.
- The bill commences on Royal Assent.
The Treasurer and the Commonwealth government are directly affected.
Sources
em
billhome
frl act