Senate debates

Monday, 2 May 2016

Bills

Northern Australia Infrastructure Facility Bill 2016, Northern Australia Infrastructure Facility (Consequential Amendments) Bill 2016; In Committee

6:26 pm

Photo of Matthew CanavanMatthew Canavan (Queensland, Liberal National Party) Share this | Hansard source

I maybe should make it clear too that the EOI process has very much been a receival point, if you like, for the government. As I indicated earlier, there has been no completed assessment of these projects. There has been no information provided to me about the detail of these projects apart from what they are. That will be a matter for the board, of course, as the legislation indicates that it is not for the minister responsible to direct the board. It is for the board to make proposals that the minister and the government can consider.

In saying that, I have had discussions with the Clean Energy Finance Corporation and the Export Finance and Insurance Corporation, who you may see providing the back office for this facility. There is a will to work together. If there are clean energy projects which can have some complementarity between both the NAIF and the CEFC, those two bodies will work together. There is certainly no restriction against the NAIF itself or, of course, the CEFC in providing funds to clean energy type projects. There will probably have to be some natural complementarities between the two that they will need to work out.

On this list that I have in front of me, there are some other energy projects. It is not clear to me whether they are specifically renewable energy as such, but, as I have said, these are projects that have been submitted to us, and state governments and other stakeholders have been free to do so.

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