Nation-building Funds Bill 2008

Type
Government
Portfolio
Finance and Deregulation 
Originating house
House of Representatives 
Status
Act 
Parliament no
42
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. 

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Progress

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

Amendment details: 69 Opposition and 9 Australian Greens/Opposition agreed to
04 Dec 2008Third reading agreed to
House of Representatives
04 Dec 2008Consideration of Senate message

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

Details: Senate did not insist on its amendments


04 Dec 2008Text of bill as passed both Houses
18 Dec 2008Assent

Act no.: 154

Year: 2008

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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 changed to the bill. For details about the outcome of proposed amendments please refer to either theĀ 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.

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