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Mogged
Transport & infrastructureStatutory authorityExists today

Northern Australia Infrastructure Facility

NAIF

1 July 2016 – present

Commonwealth lending facility that provides concessional finance for economic infrastructure in northern Australia that would otherwise not proceed or would be delayed.

How it came into existence

Established on 1 July 2016 under the Northern Australia Infrastructure Facility Act 2016 as a new corporate Commonwealth entity, implementing the 2015 White Paper on Developing Northern Australia; it was initially in the Industry, Innovation and Science portfolio.

Legislation: Northern Australia Infrastructure Facility Act 2016

Changes during its life

  1. 2021Amendments to the Northern Australia Infrastructure Facility Act 2016 extended the facility's investment period and broadened the forms of finance it could provide.
  2. 1 July 2022Moved to the Infrastructure, Transport, Regional Development, Communications and the Arts portfolio with northern Australia policy.

Main functions

  • Concessional loans for northern Australian infrastructure
  • Investment in projects in the Northern Territory and northern Queensland and Western Australia
  • Assessment of public benefit and Indigenous participation in funded projects
  • Co-financing with private lenders and governments

Where it sits

In the portfolio of Department of Infrastructure, Transport, Regional Development, Communications, Sport and the Arts.

Type of body
Corporate Commonwealth entity
Portfolio
Infrastructure, Transport, Regional Development, Communications, Sport and the Arts
Accountable authority
Board of the Facility – Northern Australia Infrastructure Facility Act 2016 sections 6 and 13 with reference to section 21(3) note (membership section 15)
ABN
83 960 779 392

Lineage

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Sources

Some dates or links for this organisation are not fully confirmed. Corrections are welcome.