Keith Pitt (Hinkler, National Party, Minister for Resources, Water and Northern Australia) Share this | Hansard source

There is Metro Mining, with some $47 million for a new floating terminal up north of Weipa, and, of course, the North Queensland Cowboys, the new centre of excellence up there—some $20 million in support for a loan. James Cook University, Mater Health, Queensland Airports, Central Queensland Uni—there is a significant amount of support from the NAIF into those areas. We have made changes recently with legislation. I want the NAIF to be able to provide more money for projects of a different type. We have absolutely ensured that they can be more reactive, that they can fund projects of a different type. We want to make sure that the NAIF, if it does eventually allocate all of the funds—it's got roughly $3 billion allocated already—

Mr Bowen interjecting—

Mr Thompson interjecting—

The SPEAKER: The member for McMahon and the member for Herbert can leave under 94(a). That will lower the volume.

The member for McMahon and the member for Herbert then left the chamber.

The NAIF has already allocated almost $3 billion. There is around $2 billion left in the current $5 billion facility. I'd be happy to go back to the PM and the ERC and ask for more if that's necessary. (Time expired)

See this speech in context