Annual Report 2016-17
NAIF’s inaugural Annual Report was tabled in Parliament on Monday 23 October 2017 and can be accessed here.
The report covers the first twelve months of NAIF’s operation, and outlines the progress made in identifying, originating and maturing a portfolio of unique financing opportunities, representing the most comprehensive exercise of its kind since the publication of the Australian Government’s White Paper on Developing Northern Australia.
The NAIF Budget Statements for the period 2017-2018 are published in the Portfolio Budget Statements 2017-18 under the Industry, Innovation and Science Portfolio and can be accessed here.
Corporate Plan 2017-18
The NAIF’s operations are governed by Commonwealth legislation and overseen by an independent commercial Board. The NAIF came into effect on 1 July 2016 as a corporate Commonwealth entity under the Northern Australia Infrastructure Facility Act 2016 (NAIF Act). The NAIF Corporate Plan outlines our key business strategies and can be accessed here.
Previous Corporate Plans can be accessed from the links below.
2016-17 Executive Remuneration Report
The NAIF is committed to provide transparency of our remuneration for executive and other highly paid staff. To this end, the NAIF (together with other Australian Public Service entities) has decided to disclose the remuneration of our executives and other highly paid staff, starting from the 2016-17 reporting period.
For the purposes of the reporting executives are defined as:
- Chief executive officers and equivalents
- Employees of an entity or company who:
- make, or participate in making, decisions that affect the whole, or a substantial part, of the operations of the entity or company; or
- have the capacity to affect significantly the entity’s or company’s financial standing or performance in achieving its purposes (as defined by section 8 of the PGPA 2013); or
- perform functions controlling operational activities, which directly impact the economic function and viability of the entity or company; and
- have employment conditions equivalent to Senior Executive Service employment conditions of service.
NAIF’s report for 2016-17 is available here.
Senate Order on Government Agency Contracts
On 20 June 2001, the Senate agreed to an order (the Murray Motion) requiring each Minister to table a letter of advice for each reporting period, that each relevant agency administered by that Minister, has placed on the internet a list of contracts of $100,000 (GST inclusive) or more which are current or entered into during the previous twelve months (and certain other details). The Order was subsequently broadened to include corporate Commonwealth entities (which includes NAIF) from 1 July 2017. The accountable authority of the NAIF has assured that, based on the information available as a result of reasonable enquiries undertaken by officers in the NAIF, the listed contracts do not contain any inappropriate confidentiality provisions.
- List of contracts for the Senate Order for Entity Contracts (Murray Motion) relating to the period 1 July 2016 to 30 June 2017 can be found here.