Chris Ketter (Queensland, Australian Labor Party) Share this | Hansard source

I, and also on behalf of Senator Waters, move:

That the following matter be referred to the 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:

(a) the adequacy and transparency of the NAIF's governance framework, including its project assessment and approval processes;

(b) the adequacy of the NAIF's Investment Mandate, risk appetite statement and public interest test in guiding decisions of the NAIF Board;

(c) processes used to appoint NAIF Board members, including assessment of potential conflicts of interest;

(d) the transparency of the NAIF's policies in managing perceived, actual or potential conflicts of interest of its Board members;

(e) 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;

(f) the status and role of state and territory governments under the NAIF, including any agreements between state and territories and the Federal Government; and

(g) any other related matters.