We are excited to publish our new Corporate Plan that details our vision, mission and key strategic initiatives to be a key innovative financing partner in the growth of Northern Australia.
The plan shows how we measure our achievements and sets targets for the coming year.
The plan takes into account the passing of the Northern Australia Infrastructure Facility Amendment (Extension and Other Measures) Act 2021 (the 2021 amendment Act), which extended NAIF for a further five years to 30 June 2026 and provides NAIF the capacity to:
- Significantly broaden the scope of projects and businesses that NAIF can support across northern Australia.
- Provides the ability to provide smaller loans to projects and businesses, working in partnership with other lenders.
- Make non-controlling equity investments.
The reforms that were passed under the 2021 amendment Act are expected to build on the investment activity and momentum that NAIF has established over the last 18 to 24 months and allow NAIF to continue to drive economic growth, community and Indigenous outcomes in northern Australia.
The plan has been prepared for the purposes of the Public Governance, Performance and Accountability Act 2013 and can be read here: Corporate Plan