Northern Australia Infrastructure Facility Act and Investment Mandate

Country / jurisdiction: Australia · Year: 2016 · Status: In force · Level: National · Type: Voluntary

The Northern Australia Infrastructure Facility (NAIF) was established under the NAIF Act in 2016 to provide financial assistance to the States and Territories for the development of Northern Australia economic infrastructure. The NAIF Investment Mandate (most recently updated in 2021) guides the financial strategy of the Act. NAIF's jurisdiction includes the Northern Territory, parts of Queensland and Western Australia, as well as projects outside of the boundaries that produce significant benefits for the region.

NAIF utilises a range of financing tools to assist the development of projects that meet the requirements of the Mandate, which include satisfying a public benefit test and demonstrating indigenous engagement outcomes. Types of projects that NAIF may invest in include energy, communication, transport, social infrastructure and processing facilities.

Official source: https://naif.gov.au/our-organisation/governance/naif-act-and-investment-mandate/