Senate Opening Statements & Inquiries, and Reports

Senate Estimates

Senate Inquiry into the Governance and Operation of the NAIF

NAIF’s Opening Statement to the Senate Inquiry into the Governance and Operation of the NAIF 11 August 2017

NAIF’s Opening Statement to the Senate Inquiry in the Governance and Operation of the NAIF on 11 August 2017.

Submission to the Senate Inquiry into the Governance and Operation of the NAIF 4 August 2017

NAIF welcomes the opportunity to provide a submission to the Senate Inquiry into the Governance and Operation of the Northern Australia Infrastructure Facility.  The NAIF’s submission demonstrates NAIF’s governance is robust and transparent to ensure the successful implementation of NAIF’s mandate entrusted to it by the Commonwealth.

Australian National Audit Office report on Governance and Integrity of the Northern Australia Infrastructure Facility

Full details of the report and NAIF’s response are available at https://www.anao.gov.au/work/performance-audit/governance-and-integrity-the-northern-australia-infrastructure-facility

Northern Australia Infrastructure Facility 2020 Statutory Review

The review considered:

• whether to extend NAIF’s investment period beyond 30 June 2021
• appropriate governance arrangements for the NAIF after that date
• if the NAIF’s framework best supports economic development in northern Australia and other issues

It also looked at the NAIF’s potential to support the Government’s economic stimulus and recovery response to the COVID-19 pandemic.

The recommendations include:

• extending the NAIF’s operations for five years until 30 June 2026
• accelerating its lending rate
• expanding the scope of projects eligible for NAIF funding
• increasing the NAIF’s risk appetite
• strengthening the NAIF’s governance framework

Statutory review of the Northern Australia Infrastructure Facility