Division
The majority voted in favour of a [motion](https://www.openaustralia.org.au/senate/?gid=2023-11-15.372.4) "*schedule 5 stand as amended.*" In other words, they voted to keep the amended schedule 5 in the bill. This vote was put after West Australian Senator [Dean Smith](https://theyvoteforyou.org.au/people/senate/wa/dean_smith (Liberal) [proposed that](https://www.openaustralia.org.au/senate/?gid=2023-11-15.372.1) schedule 5 be opposed. ### What is Schedule 5? According to the [bills digest](https://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/bd/bd2223a/23bd063): > *Schedule 5 further limits the ability of companies to issue franked dividends by disallowing the use of franking credits on certain distributions that are funded by capital raising activities.* It was further [amended by the Government](https://parlinfo.aph.gov.au/parlInfo/search/display/display.w3p;query=Id:legislation/billhome/display.w3p;query=Id%3A%22legislation%2Famend%2Fr6979_amend_e5a61c87-6fd4-4cc3-aab7-a39486be1b6c%22;rec=0).
Senate, 2023-11-15. affirmative: ayes 30, noes 27.
Question
The majority voted in favour of a [motion](https://www.openaustralia.org.au/senate/?gid=2023-11-15.372.4) "*schedule 5 stand as amended.*" In other words, they voted to keep the amended schedule 5 in the bill. This vote was put after West Australian Senator [Dean Smith](https://theyvoteforyou.org.au/people/senate/wa/dean_smith (Liberal) [proposed that](https://www.openaustralia.org.au/senate/?gid=2023-11-15.372.1) schedule 5 be opposed. ### What is Schedule 5? According to the [bills digest](https://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/bd/bd2223a/23bd063): > *Schedule 5 further limits the ability of companies to issue franked dividends by disallowing the use of franking credits on certain distributions that are funded by capital raising activities.* It was further [amended by the Government](https://parlinfo.aph.gov.au/parlInfo/search/display/display.w3p;query=Id:legislation/billhome/display.w3p;query=Id%3A%22legislation%2Famend%2Fr6979_amend_e5a61c87-6fd4-4cc3-aab7-a39486be1b6c%22;rec=0).
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.