Contents

Part 1--Preliminary                                                                                                             2

1............ Short title............................................................................................. 2

2............ Commencement................................................................................... 2

3............ Objects of this Act.............................................................................. 2

4............ Simplified outline of this Act.............................................................. 3

5............ Definitions.......................................................................................... 3

Part 2--Northern Australia Infrastructure Facility                                         5

6............ Establishment...................................................................................... 5

7............ Functions of Facility........................................................................... 5

8............ Time limit for making decisions to provide financial assistance.......... 6

Part 3--Investment Mandate                                                                                          7

9............ Investment Mandate............................................................................ 7

10.......... Matters covered by Investment Mandate............................................. 7

Part 4--Consideration by Minister                                                                             8

11.......... Consideration by Minister................................................................... 8

12.......... Process if Minister decides that financial assistance should not be provided            9

Part 5--Board of the Facility                                                                                        10

13.......... Establishment of Board..................................................................... 10

14.......... Functions of Board........................................................................... 10

15.......... Appointment of members.................................................................. 11

16.......... Acting appointment as Chair............................................................. 11

17.......... Remuneration of members................................................................ 12

18.......... Leave of absence............................................................................... 12

19.......... Other terms and conditions............................................................... 12

20.......... Resignation of members.................................................................... 12

21.......... Termination of appointment.............................................................. 13

22.......... Board meetings................................................................................. 13

23.......... Presiding at Board meetings.............................................................. 14

24.......... Quorum at Board meetings............................................................... 14

25.......... Voting at Board meetings.................................................................. 14

26.......... Conduct of Board meetings............................................................... 14

27.......... Decisions without meetings.............................................................. 14

Part 6--Administration                                                                                                    16

28.......... Chief Executive Officer..................................................................... 16

29.......... CEO to act in accordance with policies and directions of Board....... 16

30.......... Appointment of CEO........................................................................ 16

31.......... Acting appointment as CEO.............................................................. 17

32.......... Remuneration of CEO....................................................................... 17

33.......... Leave of absence of CEO.................................................................. 17

34.......... Outside employment......................................................................... 18

35.......... Other terms and conditions............................................................... 18

36.......... Resignation of CEO.......................................................................... 18

37.......... Termination of appointment of CEO................................................. 18

38.......... Staff.................................................................................................. 19

39.......... Consultants....................................................................................... 19

Part 7--Miscellaneous                                                                                                       20

40.......... Facility may charge fees.................................................................... 20

41.......... Appropriation of Consolidated Revenue Fund.................................. 20

42.......... Annual report.................................................................................... 20

43.......... Review of operation of Act............................................................... 21

44.......... Regulations....................................................................................... 21

 

 

 

Northern Australia Infrastructure Facility Act 2016

No. 41, 2016

 

An Act to establish the Northern Australia Infrastructure Facility, and for related purposes

[Assented to 4 May 2016]

The Parliament of Australia enacts:

  

[Minister's second reading speech made in--

House of Representatives on 17 March 2016

Senate on 19 April 2016]