HouseDivision 3 · 30 Mar 2026

Export Finance and Insurance Corporation Amendment (Strategic Reserve) Bill 2026 - Consideration in Detail - EFIC’s functions

Not passed38 aye · 97 no

What this vote was about

The majority voted against an amendment to the Export Finance and Insurance Corporation Amendment (Strategic Reserve) Bill 2026 introduced by Wannon MP Dan Tehan, which means it was unsuccessful.

Amendment text

(1) Schedule 1, page 7 (after line 3), after item 14, insert:

14A Section 23C

Repeal the section.

Therefore, the purpose of this amendment is to repeal section 23C from the Export Finance and Insurance Corporation Act 1991.

What is Section 23C?

Section 23C puts limitations on the powers of the Export Finance and Insurance Corporation (EFIC) in respect to fossil fuels.

Wording of section 23C:

Approval required before providing services or products to finance certain coal, crude oil or natural gas activities

Despite any other provision of this Part, EFIC must not provide a service or product under this Part that would:

(a) directly finance the extraction of coal, crude oil or natural gas; or

(b) directly finance the construction of infrastructure for the primary purpose of extracting coal, crude oil or natural gas; or

(c) directly finance investments for the sole purpose of the use of coal, crude oil or natural gas;

unless an application for the service or product has been referred to the Minister under section 25.

Note: A direction under section 26 may prevent such applications from being referred to the Minister. EFIC cannot provide a service or product covered by this section in those circumstances.

Context written by They Vote For You volunteers (ODbL), reproduced unchanged.

Consideration in detail: Consideration in detail examines a bill part by part in the House. Divisions at this stage decide specific amendments to the bill's text.

By party

Party	Aye	No
Australian Labor Party	0	88
Liberal–National Coalition	37	0
Independent	0	8
Centre Alliance	1	0
Australian Greens	0	1

Every vote

AYE (38)

NO (97)

Other divisions this sitting day

What the House divided on around this vote, in order.

30 Mar 2026Export Finance and Insurance Corporation Amendment (Strategic Reserve) Bill 2026 - Second Reading - Review billHouse 43–91
30 Mar 2026Export Finance and Insurance Corporation Amendment (Strategic Reserve) Bill 2026 - Second Reading - Criticism of GovernmentHouse 38–96