Terms of Reference

On 14 June 2017, the Senate referred the following matters to the Senate Economics References Committee for inquiry and report by 7 December 2017:

The governance and operation of the Northern Australia Infrastructure Facility (NAIF), with particular reference to:

  1. the adequacy and transparency of the NAIF’s governance framework, including its project assessment and approval processes;
  2. the adequacy of the NAIF’s Investment Mandate, risk appetite statement and public interest test in guiding decisions of the NAIF Board;
  3. processes used to appoint NAIF Board members, including assessment of potential conflicts of interest;
  4. the transparency of the NAIF’s policies in managing perceived, actual or potential conflicts of interest of its Board members;
  5. the adequacy of the Northern Australia Infrastructure Facility Act 2016 and Investment Mandate to provide for and maintain the independence of decisions of the Board;
  6. the status and role of state and territory governments under the NAIF, including any agreements between states and territories and the Federal Government; and
  7. any other related matters.

Committee Secretariat contact:

Senate Standing Committees on Economics
PO Box 6100
Parliament House
Canberra ACT 2600

Phone: +61 2 6277 3540
Fax: +61 2 6277 5719
economics.sen@aph.gov.au

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