Simon Birmingham (SA, Liberal Party, Assistant Minister for Education and Training) Share this | Hansard source

I have some information in that regard. Matters of the CEFC are rightly matters for the Minister for Finance, but I am advised that the government has been working constructively with the CEFC. Under section 64 of the Clean Energy Finance Corporation Act, the Minister for Finance and the Treasurer can issue an investment mandate to the board to provide direction on the performance of the CEFC's investment functions. These responsible ministers must consult with the CEFC board on that investment mandate and, once finalised, the investment mandate is tabled in parliament. A consultation process is underway with the CEFC. The government will not pre-empt the outcome of this process, but our expectation is that the CEFC's focus will be on its original policy intent when the CEFC was established, so that it is investing in innovative clean energy proposals and technologies rather than more mature technologies, which can be financed by mainstream lenders.