Senate debates Bills

Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Bill 2019; First Reading


Mitch Fifield

Mitch Fifield Victoria, Liberal Party, Minister for Communications and the Arts

9:21 pm

I move:

That this bill be now read a first time.

Question agreed to.

Bill read a first time.

Scott Ryan

Scott Ryan President

The question now is that amendment (1) on sheet 8571 revised, circulated by the Australian Greens, be agreed to:

Australian Greens circulated amendment—

(1) Schedule 1, item 5, page 8 (after line 21), after paragraph 994B(3)(a), insert:

  (aa) a basic banking product (within the meaning of section 961F); or

Duncan Spender

Duncan Spender NSW, Liberal Democratic Party

We haven't had the second reading. Why are we moving an amendment?

Scott Ryan

Scott Ryan President

As the Clerk advised Senator Hume when she was previously in the chair, because these bills are under a guillotine, we proceed straight to the substantive matters. The question is that the amendment be agreed to.

Question negatived.