Senate debates

Thursday, 22 June 2023

Bills

Treasury Laws Amendment (Financial Services Compensation Scheme of Last Resort) Bill 2023, Financial Services Compensation Scheme of Last Resort Levy Bill 2023, Financial Services Compensation Scheme of Last Resort Levy (Collection) Bill 2023; Second Reading

4:06 pm

Photo of Sue LinesSue Lines (President) Share this | | Hansard source

PRESIDENT (): I will first deal with the second reading amendment circulated by Pauline Hanson's One Nation, which is on sheet 2025. The question is that the second reading amendment be agreed to.

Pauline Hanson ' s One Nation ' s circulated amendment—

At the end of the motion, add ", but the Senate:

(a) calls on the Assistant Treasurer, Mr Stephen Jones, to honour his commitment given to victims of the Sterling First financial fraud that managed investment funds would be included in this bill; and

(b) notes the failure of this Government to include provision in this bill for historical cases of banking fraud, including those for which evidence was taken during the Senate Select Committee on Lending to Primary Production Customers and the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry".

Question negatived.

The question now is that these bills be now read a second time.

Question agreed to.

Bills read a second time.