The Senate shall, before proceeding to the despatch of any other business, choose a senator to be the President of the Senate; and as often as the office of President becomes vacant the Senate shall again choose a senator to be the President.
The President shall cease to hold his office if he ceases to be a senator. He may be removed from office by a vote of the Senate, or he may resign his office or his seat by writing addressed to the Governor-General.

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[Deleted. The Senate will be chaired by the new Deputy Governor-General of Parliament under s.59A:

59A Deputy Governor-General of Parliament - duties, rights and powers
There shall be a Deputy Governor-General of Parliament, referred to as the Deputy Governor-General, who shall act as the Deputy Head of State of the Commonwealth of Australia exercising only the duties, rights and powers which are set out in this Constitution, including:
(i) The duty to convene and the right to preside over sessions of the Senate in accordance with such standing orders as are made pursuant to section 50 and the requirements of impartiality and fairness;
(ii) The duty to exercise any duty, the right to exercise any right and the power to exercise any power vested in the Governor-General, during any period in which that office is vacant, or the Governor-General is absent or otherwise unable to exercise the duty or power;
(iii) Powers incidental to the execution of the above duties and powers;
(iv) Such other powers in relation to the management of the Senate as are from time to time conferred on the Deputy Governor-General by the Senate’s Standing Orders; and
(v) Such other powers not inconsistent with the above as are from time to time conferred on the Deputy Governor-General by law.]

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The Senate shall, before proceeding to the despatch of any other business, choose a senator to be the President of the Senate; and as often as the office of President becomes vacant the Senate shall again choose a senator to be the President.
The President shall cease to hold his office if he ceases to be a senator. He may be removed from office by a vote of the Senate, or he may resign his office or his seat by writing addressed to the Governor-General.

17.1 This section is to be deleted, as it requires Senate debates to be chaired by one senator chosen to be the Senate President. The new presiding officer in the Senate will be the Deputy Governor-General of Parliament - see proposed s.59A(i). The Senate may still choose one of its number to preside when neither the Deputy Governor-General nor Governor-General are available: see proposed s.60B(1). A similar change is to be made to s.35 concerning the Speaker.