Senate debates

Monday, 2 May 2016

Bills

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

7:53 pm

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

Like any board, they will have to be accountable to this place and to the government for their application of these requirements. The other point to make here is that, in other parts of the investment mandate, it says that finance cannot be provided unless there are regulatory approvals in place. So we believe that there are sufficient protections here: the board will provide finance only where rigorous assessment processes occur, in other parts that regulate particular elements of infrastructure projects that are put forward. They will have obligations, of course, to ensure that all aspects of the mandate are adhered to.

Question negatived.

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