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ECONOMICS—SOVEREIGN WEALTH FUND

The Leader of the Australian Greens (Senator Bob Brown), pursuant to notice of motion not objected to as a formal motion, moved general business notice of motion no. 611—That the Senate—

 (a) notes the growing support for a sovereign wealth fund (SWF); and

 (b) calls on the Government to reconsider a SWF for Australia to be funded with the proceeds of an expanded mining tax.

Question put.

The Senate divided—

AYES,10


Senators—
Brown, BobLudlamSiewert (Teller)Wright
Di NataleMilneWatersXenophon
Hanson-YoungRhiannon

NOES, 36


Senators—
ArbibCrossinKroger (Teller)Moore
BernardiEdwardsLundyParry
BilykFarrellMacdonaldPolley
BirminghamFaulknerMadiganPratt
BoswellFawcettMarshallSingh
Brown, CarolFeeneyMasonSinodinos
ColbeckFifieldMcEwenSterle
CollinsFurnerMcKenzieThistlethwaite
CormannGallacherMcLucasWilliams

Question negatived.