Bill
Emergency Response Fund (Consequential Amendments) Bill 2019
passed, as at 2019-10-28. Finance portfolio.
- Sponsor
- Not recorded
- Portfolio
- Finance
Recorded stages
- introduced — 2019-09-11
- second reading — 2019-09-11
- second reading — 2019-09-17
- second reading — 2019-09-17
- third reading — 2019-09-17
- introduced — 2019-09-18
- second reading — 2019-09-18
- second reading — 2019-10-17
- second reading — 2019-10-17
- committee — 2019-10-17
- third reading — 2019-10-17
- passed — 2019-10-17
- royal assent — 2019-10-28
Divisions
- Emergency Response Fund (Consequential Amendments) Bill 2019 - in Committee - The Education Investment Fund — 2019-10-17, Senate: affirmative, ayes 41, noes 7
Plain-language summary
Written by a model from the explanatory memorandum; not the record, as at 2019-09-11.
This bill updates other laws so that a new disaster-relief fund can work when it starts.
It gives the Future Fund Board extra duties to run the new fund and lets money be shared between several funds to cover common costs.
The bill also repeals the law that set up an earlier fund, the Education Investment Fund, whose last commitment was announced in July 2013.
- Extends the Future Fund Board's responsibilities to manage the new Emergency Response Fund.
- Allows transfers between the new fund and other funds to split shared expenses fairly.
- Repeals the NBF Act to close the Education Investment Fund.
The Future Fund Board and the operators of the ATSILSFF, COAG Reform Fund, DCAF, FDF, Future Fund and MRFF are affected.
Sources
em
billhome
frl act