Nation-building Funds Bill 2008

Summary

Introduced with the Nation-building Funds (Consequential Amendments) Bill 2008 and further to the COAG Reform Fund Bill 2008, the bill establishes three financial asset funds to provide capital investment in transport, communications, energy, water, higher and vocational education and health infrastructure: the Building Australia Fund, the Education Investment Fund and the Health and Hospitals Fund. The funds will be established as special accounts in the Consolidated Revenue Fund and will be managed by the Future Fund Board of Guardians.

Progress

House of Representatives
Introduced and read a first time	13 Nov 2008
Second reading moved	13 Nov 2008
Referred to Main Committee	25 Nov 2008
Second reading debate	25 Nov 2008
Second reading debate	26 Nov 2008
Reported from Main Committee	26 Nov 2008
Second reading debate	27 Nov 2008
Referred to Main Committee	01 Dec 2008
Second reading debate	01 Dec 2008
Reported from Main Committee	01 Dec 2008
Second reading agreed to	01 Dec 2008
Third reading agreed to	01 Dec 2008

Senate
Introduced and read a first time	03 Dec 2008
Second reading moved	03 Dec 2008
Second reading debate	04 Dec 2008
Second reading agreed to	04 Dec 2008
Committee of the Whole debate Amendment details: 69 Opposition and 9 Australian Greens/Opposition agreed to	04 Dec 2008
Third reading agreed to	04 Dec 2008

House of Representatives
Consideration of Senate message Details: House disagreed to Senate amendments	04 Dec 2008

Senate
Consideration of House of Reps message Details: Senate did not insist on its amendments	04 Dec 2008 (After Midnight)


Text of bill as passed both Houses	04 Dec 2008 (After Midnight)
Assent Act no.: 154 Year: 2008	18 Dec 2008

Documents and transcripts

Text of bill

First reading

As passed by both Houses

Explanatory memoranda

Explanatory memorandum

Transcript of speeches

Proposed amendments

Senate

Australian Greens [sheet 5645]
MILNE, Sen Christine

Australian Greens/Opposition [sheet 5693]
MILNE, Sen Christine
MINCHIN, Nick

Opposition [sheet 5684]
MINCHIN, Sen Nick

Schedules of amendments

Schedule of the amendments made by the Senate

Schedule of the amendments made by the Senate to which the House of Representatives has disagreed

Bills digest

Bills Digest

Notes

Referred to Committee (13/11/2008): Senate Economics Committee
Committee report (02/12/2008)
An electronic version of this Act is available on the Federal Register of Legislation (www.legislation.gov.au)

Helpful information

Text of bill

First reading: Text of the bill as introduced into the Parliament
Third reading: Prepared if the bill is amended by the house in which it was introduced. This version of the bill is then considered by the second house.
As passed by both houses: Final text of bill agreed to by both the House of Representatives and the Senate which is presented to the Governor-General for assent.

Explanatory memoranda

Explanatory memorandum: Accompanies and provides an explanation of the content of the introduced version (first reading) of the bill.
Supplementary explanatory memorandum: Accompanies and explains amendments proposed by the government to the bill.
Revised explanatory memorandum: Accompanies and explains the amended version (third reading) of the bill. It supersedes the explanatory memorandum.

Proposed amendments

Circulated by members and senators when they propose to make changes to the bill. For details about the outcome of proposed amendments please refer to either the Votes and Proceedings (House of Representatives) or the Journals (Senate).

Schedules of amendments

Schedules of amendments list amendments agreed to by the second house are communicated to the first house for consideration. Subsequent action by either house may also be included in a schedule.