Division
The majority voted against a [motion](http://www.openaustralia.org.au/senate/?id=2017-06-19.180.1) introduced by Nick Xenophon Team Senator [Nick Xenophon](https://theyvoteforyou.org.au/people/senate/sa/nick_xenophon) (SA), which means it failed. Senator Xenophon explained that the motion would have ensured: > *"that the provisions of the [Major Bank Levy Bill](http://parlinfo.aph.gov.au/parlInfo/search/display/display.w3p;query=Id:legislation/billhome/r5896) would also apply to foreign banks that have significant assets of over $100 billion in terms of their global assets. What this would mean is that banks such as HSBC, ING and BNP Paribas would be liable for this levy in terms of their Australian liabilities."* Read the arguments against the motion on [OpenAustralia.org.au](http://www.openaustralia.org.au/senate/?id=2017-06-19.180.1) and learn more about the bill in the [explanatory memorandum](http://parlinfo.aph.gov.au/parlInfo/search/display/display.w3p;query=Id:legislation/billhome/display.w3p;query=Id%3A%22legislation%2Fems%2Fr5896_ems_f8a34a79-dc0f-4294-aa94-c912ebb30f71%22;rec=0). ### Motion text > *(1) Clause 4, page 3 (lines 7 to 9), omit subclause (2), substitute:* >> *(2) The total liabilities amount for a quarter in relation to an ADI is:* >>> *(a) if the ADI is a foreign ADI (within the meaning of the Banking Act 1959)—the amount equal to the total liabilities of the ADI and its related bodies corporate (within the meaning of the Corporations Act 2001) for the quarter (excluding any liabilities to each other); or* >>> *(b) in any other case—the amount equal to the total liabilities of the ADI for the quarter;* >> *as reported under an applicable reporting standard.* > *(2) Clause 5, page 3 (lines 20 and 21), omit paragraph (2) (a), substitute:* >> *(a) the amount equal to the total liabilities of the ADI for the quarter, as reported under an applicable reporting standard; and* > *(3) Clause 6, page 4 (line 18), omit "paragraph 5(2) (b)", substitute "
Senate, 2017-06-19. negative: ayes 8, noes 44.
Question
The majority voted against a [motion](http://www.openaustralia.org.au/senate/?id=2017-06-19.180.1) introduced by Nick Xenophon Team Senator [Nick Xenophon](https://theyvoteforyou.org.au/people/senate/sa/nick_xenophon) (SA), which means it failed. Senator Xenophon explained that the motion would have ensured: > *"that the provisions of the [Major Bank Levy Bill](http://parlinfo.aph.gov.au/parlInfo/search/display/display.w3p;query=Id:legislation/billhome/r5896) would also apply to foreign banks that have significant assets of over $100 billion in terms of their global assets. What this would mean is that banks such as HSBC, ING and BNP Paribas would be liable for this levy in terms of their Australian liabilities."* Read the arguments against the motion on [OpenAustralia.org.au](http://www.openaustralia.org.au/senate/?id=2017-06-19.180.1) and learn more about the bill in the [explanatory memorandum](http://parlinfo.aph.gov.au/parlInfo/search/display/display.w3p;query=Id:legislation/billhome/display.w3p;query=Id%3A%22legislation%2Fems%2Fr5896_ems_f8a34a79-dc0f-4294-aa94-c912ebb30f71%22;rec=0). ### Motion text > *(1) Clause 4, page 3 (lines 7 to 9), omit subclause (2), substitute:* >> *(2) The total liabilities amount for a quarter in relation to an ADI is:* >>> *(a) if the ADI is a foreign ADI (within the meaning of the Banking Act 1959)—the amount equal to the total liabilities of the ADI and its related bodies corporate (within the meaning of the Corporations Act 2001) for the quarter (excluding any liabilities to each other); or* >>> *(b) in any other case—the amount equal to the total liabilities of the ADI for the quarter;* >> *as reported under an applicable reporting standard.* > *(2) Clause 5, page 3 (lines 20 and 21), omit paragraph (2) (a), substitute:* >> *(a) the amount equal to the total liabilities of the ADI for the quarter, as reported under an applicable reporting standard; and* > *(3) Clause 6, page 4 (line 18), omit "paragraph 5(2) (b)", substitute "
How each member voted
Per-member votes are not present in this static export. Consult the original division record.
Related bills
Only formal divisions leave a per-member record. A procedural vote is not necessarily a vote for or against a bill.