Government Investment Funds Amendment (Ethical Investments) Bill 2011

Type
Private
Sponsor(s)
DI NATALE, Sen Richard
LUDLAM, Sen Scott
Originating house
Senate
Status
Not Proceeding
Parliament no
43

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Summary

Amends the Future Fund Act 2006 and Nation-building Funds Act 2008 to require the ministers responsible for certain funds to develop, by legislative instrument, ethical investment guidelines for each fund (the Future Fund, the Building Australia Fund, the Education Investment Fund and the Health and Hospitals Fund) and direct the Future Fund Board to have regard to the guidelines when making investment policies.

Progress

Senate
Introduced and read a first time 24 Nov 2011
Second reading moved 24 Nov 2011
Second reading debate 13 Sep 2012
Lapsed at end of Parliament 12 Nov 2013

Documents and transcripts

Text of bill

Explanatory memoranda

Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

No documents at present

Notes

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.

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