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🏛 House of Representatives3 readingsAmendments circulated
Northern Australia Infrastructure Facility Amendment (Extension and Other Measures) 2021
✦ Plain-English Summary
# Northern Australia Infrastructure Facility Amendment (Extension and Other Measures) 2021
## What it does
This bill updates the rules for the Northern Australia Infrastructure Facility — a government fund that lends money to states, territories, and other organisations to build infrastructure projects in Northern Australia. The changes make it easier for the Facility to provide financial support by relaxing some of the strict requirements projects previously had to meet.
## Why it matters
More infrastructure projects in Northern Australia could now qualify for funding, potentially leading to more roads, ports, water systems, and other developments across the region. This could create jobs and economic growth in areas that often struggle to attract private investment.
## Key details
- **Broader eligibility**: Projects now need to meet *either* of two requirements (rather than *both*), meaning more proposals can get approved
- **Comes into effect immediately**: The changes take effect the day after the bill receives Royal Assent
- **Board still answers to government**: The Facility's Board must follow directions from the Finance Minister and Minister for Northern Australia on how money gets allocated — this oversight remains unchanged
Official Description
Amends the Northern Australia Infrastructure Facility Act 2016 to: extend the investment time period of the Northern Australia Infrastructure Facility (NAIF) by five years to 30 June 2026; expand the functions of the NAIF to include the provision of financial assistance to projects that contribute to Northern Australia's economic and population growth; and amend certain governance and administrative processes of the NAIF.
Committee Referrals
Senate Standing Committee for the Scrutiny of Bills
Audit History
Last updated on APH
10 Apr 2026
Last checked by Crossbench
2 days ago
Full text indexed
2 days ago
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