NAIF’s third Annual Report was tabled in Parliament on Monday 21 October 2019 and can be accessed here.
The report covers the third twelve months of NAIF’s operation, and outlines the progress and contribution NAIF has made during the reporting period. The report includes case studies of the Investment Decisions and Conditional Approvals made during FY2018-19, highlighting the value NAIF was able to add for each project.
The FY2018-19 Annual Report can also be accessed at www.transparency.gov.au.
Previous Annual Report can be accessed from the link below.
The NAIF Budget Statements for the period 2019-20 are published in the Portfolio Budget Statements 2019-20 under the Industry, Innovation and Science Portfolio and can be accessed here.
The NAIF Budget Statements for previous years 2016-17 to 2018-19 can be accessed here.
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 2019-20 outlines our key business strategies and can be accessed here.
Previous Corporate Plans can be accessed from the links below.
In accordance with the NAIF Gift and Benefits Policy, NAIF publishes a Gifts and Benefits Report on the NAIF website on a quarterly basis. The Gifts and Benefits Report lists all gifts and benefits received by NAIF in the reporting period over the $AUD100.00 (exclusive of GST).
Gift and Benefits include hospitality (such as meals and beverages), entertainment (such as invitations to sporting events, cinema, theatre and the like), travel, accommodation and discounts (including free or discounted airline lounge membership). This includes any Gifts or Benefits to the immediate family of a staff member as a consequence of that Staff member’s employment or duties at NAIF.
Publication of Gifts and Benefits report is consistent with guidance published by the Australian Public Service Commission. The first Gifts and Benefits Report covers the period 18 October 2019 to 31 January 2020. Quarterly reports will then be published on or about 31 March, 30 June, 30 September and 31 December each year.
Gifts and Benefits Register:
- 18 October 2019 to 31 January 2020 is available here.
- 1 February 2020 to 31 March 2020 – no reportable gifts or benefits received in this period.
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.
Executive Remuneration Reporting:
From 2018-19 NAIF reports on Executive Remuneration in its Annual Report.
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. 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.
- Senate Order for Entity Contracts 1 January 2019 to 31 December 2019 is available here.
- Senate Order for Entity Contracts 1 July 2018 to 30 June 2019 is available here.
- Senate Order for Entity Contracts 1 January 2018 to 31 December 2018 is available here.
- Senate Order for Entity Contracts 1 January 2018 to 30 June 2018 is available here.
- Senate Order for Entity Contracts 1 January 2017 to 31 December 2017 is available here.
- Senate Order for Entity Contracts 1 July 2016 to 30 June 2017 is available here.