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24    Economics References Committee—Reference —Northern Australia Infrastructure Facility

The Chair of the Economics References Committee (Senator Ketter), also on behalf of Senator Waters, pursuant to notice of motion not objected to as a formal motion, moved business of the Senate notice of motion no. 6—That the following matter be referred to the Economics References Committee for inquiry and report by 7 December 2017:

The governance and operation of the Northern Australia Infrastructure Facility (NAIF), with particular reference to:

               (a)       the adequacy and transparency of the NAIF’s governance framework, including its project assessment and approval processes;

               (b)       the adequacy of the NAIF’s Investment Mandate, risk appetite statement and public interest test in guiding decisions of the NAIF Board;

                (c)       processes used to appoint NAIF Board members, including assessment of potential conflicts of interest;

               (d)       the transparency of the NAIF’s policies in managing perceived, actual or potential conflicts of interest of its Board members;

                (e)       the adequacy of the Northern Australia Infrastructure Facility Act 2016 and Investment Mandate to provide for and maintain the independence of decisions of the Board;

                (f)       the status and role of state and territory governments under the NAIF, including any agreements between states and territories and the Federal Government; and

                (g)       any other related matters.

Statement by leave : The Assistant Minister to the Prime Minister (Senator McGrath), by leave, made a statement relating to the motion.

Question put.

The Senate divided—

AYES, 37

Senators—

Brown

Hanson-Young

Marshall

Rice

Cameron

Hinch

McAllister

Siewert

Collins

Kakoschke-Moore

McCarthy

Singh

Dastyari

Ketter

McKim

Sterle

Di Natale

Kitching

Moore

Urquhart*

Dodson

Lambie

O’Neill

Waters

Farrell

Leyonhjelm

Polley

Watt

Gallacher

Lines

Pratt

Whish-Wilson

Gallagher

Ludlam

Rhiannon

Xenophon

Griff

 

 

 

NOES, 31

Senators—

Abetz

Duniam

Macdonald

Reynolds

Back

Fawcett

McGrath

Roberts

Bernardi

Fierravanti-Wells

McKenzie

Ruston

Birmingham

Fifield

Nash

Ryan

Burston

Georgiou

O’Sullivan

Scullion

Bushby*

Gichuhi

Parry

Seselja

Canavan

Hanson

Paterson

Smith

Cash

Hume

Payne

 

* Tellers

Question agreed to.