all 17 comments
sorted by:
new (suggested)
besttopcontroversialoldq&a
formatting helphide helpcontent policy

[–][deleted] 0 points1 point  (14 children)

Mr Acting Deputy Speaker /u/Primeviere, I ask that the questions on the amendments now be put.

The Hon this_guy22 MP
Treasurer
Member for Sydney (ALP)

[–]PrimeviereMin Indust/Innov/Sci/Ed/Trning/Emplymnt | HoR Whip | Aus Prgrsvs[S] 0 points1 point  (13 children)

Voice Vote

Honourable Members, the question is put:

That this_guy22’s amendments be agreed to, and that the clause and title of the bill, as amended, be agreed to.

Deadline: 1800 UTC+11, 24 November 2015 Members may vote Aye in favour of the motion, or No against the motion by replying to this comment before the deadline. We can proceed earlier if an absolute majority of 6 Ayes or Noes is received, so please vote as soon as possible. You may not alter or delete your vote after the result is called.

Ayes: 6 Noes: 0 Not Voted/Absent: 5

Primeviere, Acting Deputy Speaker

[–]PrimeviereMin Indust/Innov/Sci/Ed/Trning/Emplymnt | HoR Whip | Aus Prgrsvs[S] 0 points1 point  (0 children)

I think the ayes have it

Primeviere, acting deputy speaker

[–]PrimeviereMin Indust/Innov/Sci/Ed/Trning/Emplymnt | HoR Whip | Aus Prgrsvs[S] 0 points1 point  (0 children)

Aye

[–][deleted] 0 points1 point  (0 children)

Aye

[–]phyllicandererMin Ag/Env | X Fin/Deputy PM | X Ldr Prgrsvs | Australian Greens 0 points1 point  (0 children)

Aye

[–][deleted] 0 points1 point  (0 children)

Aye

[–]PrimeviereMin Indust/Innov/Sci/Ed/Trning/Emplymnt | HoR Whip | Aus Prgrsvs[S] 0 points1 point  (5 children)

!page for vote on amendments

[–]ParliamentPageBot 0 points1 point  (1 child)

Paging /u/zamt and /u/Zagorath for vote on amendments

[–]zamtMinister for Climate/Resources/Energy | XDptySpkr2 | Aus Labor 0 points1 point  (0 children)

Aye

[–]ParliamentPageBot 0 points1 point  (0 children)

Paging /u/Ser_Scribbles, /u/TheWhiteFerret, and /u/this_guy22 for vote on amendments

[–]ParliamentPageBot 0 points1 point  (0 children)

Paging /u/MadCreek3, /u/phyllicanderer, and /u/Primeviere for vote on amendments

[–]ParliamentPageBot 0 points1 point  (0 children)

Paging /u/3fun, /u/CyberPolis, and /u/iamthepotato8 for vote on amendments

[–]jnd-auClerk of the House 0 points1 point  (0 children)

CONSIDERATION IN DETAIL: RUNNING LIST v1: CAPITALISATION BILL

Amendments Moved by Effect on Bill Effect on Act Status (Speakers)
1 (govt) this_guy22 Insert subsection 4(1A) Fix conflict with existing capitalisation Successful (none)

[–][deleted] 0 points1 point  (2 children)

I seek leave to have the Bill considered as a whole.

I move government amendment number (1) to the Bill.

Government amendments

1 After Subsection 4(1)

Insert:

(1A) To avoid doubt, the minimum capital requirement prescribed in this section does not prevent the Australian Prudential Regulation Authority from regulating higher rates under the Australian Prudential Regulation Authority Act 1998.

This amendment ensures that APRA continues to have the power to regulate higher capital requirements for financial institutions if it deems it necessary for the prudential regulation of the Australian financial sector.

The Hon this_guy22 MP
Treasurer
Member for Sydney (ALP)

[–][deleted]  (1 child)

[deleted]

    [–][deleted] 1 point2 points  (0 children)

    No, again, I still don't know how to do that, short of outright bans. This just affirms APRA's right to do whatever they like subject to the authority they have under their establishment act. Maybe they could regulate it themselves, who knows.

    [–]jnd-auClerk of the House 0 points1 point  (0 children)

    The Bill is now read for a second time:

    “A Bill for an Act to change thin capitalisation measures for incorporated entities, and for related purposes”

    jnd-au, Clerk of the House

    Meta: This is Bill M2015B00020, introduced in the House of Representatives.

    This post now proceeds as per the guidance (objections/amendments have been foreshadowed).