James McGrath (Queensland, Liberal National Party, Assistant Minister to the Prime Minister) Share this | Hansard source

The Northern Australia Infrastructure Facility, NAIF, has a comprehensive suite of governance arrangements publicly available on its website. Its existing governance structures are comparable to similar government finance entities, such as the Clean Energy Finance Corporation. The NAIF is designed to operate and compete in a commercial environment. Similar to the Clean Energy Finance Corporation's investment policy documentation, the NAIF must recognise the competing challenges faced under its investment mandate, including the commercial imperatives of the NAIF, its requirement to drive economic development in northern Australia and the mandatory criteria outlined in the NAIF investment mandate.