Bill
Export Finance and Insurance Corporation Amendment (Equity Investments and Other Measures) Bill 2021
passed, as at 2021-10-28. Foreign Affairs and Trade portfolio.
- Sponsor
- Not recorded
- Portfolio
- Foreign Affairs and Trade
Recorded stages
- introduced — 2021-08-04
- second reading — 2021-08-04
- second reading — 2021-08-26
- second reading — 2021-08-26
- committee — 2021-08-26
- third reading — 2021-08-26
- introduced — 2021-08-31
- second reading — 2021-08-31
- second reading — 2021-10-18
- second reading — 2021-10-18
- committee — 2021-10-18
- third reading — 2021-10-18
- passed — 2021-10-19
- royal assent — 2021-10-28
Divisions
- Export Finance and Insurance Corporation Amendment (Equity Investments and Other Measures) Bill 2021 - in Committee - Fossil fuels — 2021-10-18, Senate: negative, ayes 8, noes 30
- Export Finance and Insurance Corporation Amendment (Equity Investments and Other Measures) Bill 2021 - in Committee - Freedom of Information — 2021-10-18, Senate: negative, ayes 8, noes 26
- The majority voted in favour of a [motion](https://www.openaustralia.org.au/senate/?gid=2021-10-18.185.1) to keep [the bill](https://parlinfo.aph.gov.au/parlInfo/search/display/display.w3p;query=Id%3A%22legislation%2Fbillhome%2Fr6749%22) as it is. In parliamentary jargon, they voted "*that the bill stand as printed*". ### What does this bill do? According to the [bills digest](https://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/bd/bd2122a/22bd016): > *The purpose of the [Export Finance and Insurance Corporation Amendment (Equity Investments and Other Measures) Bill 2021](https://parlinfo.aph.gov.au/parlInfo/search/display/display.w3p;query=Id%3A%22legislation%2Fbillhome%2Fr6749%22) (the Bill) is to give legislative effect to the Government’s decision to broaden the range of transactions that [Export Finance Australia](https://en.wikipedia.org/wiki/Export_Finance_Australia) (EFA) can finance.* > > *Specifically, the Bill will amend the Export Finance and Insurance Corporation Act 1991 (the EFIC Act) to:* > > * *permit EFA to make equity investments and* > * *permit EFA Australia to offer standalone guarantees for overseas infrastructure transactions.* — 2021-10-18, Senate: affirmative, ayes 27, noes 7
Plain-language summary
No machine-written summary in this export.
Sources
em
billhome
frl act