Commonwealth Numbered Acts

NORTHERN AUSTRALIA INFRASTRUCTURE FACILITY ACT 2016 (NO. 41, 2016) - SECT 42

                   The annual report prepared by the Board and given to the Minister under section 46 of the Public Governance, Performance and Accountability Act 2013 for a period must include the following:

                     (a)  the particulars of any changes to the Investment Mandate during the period and their impact on the operations of the Facility;

                     (b)  a summary of the proposal notices given by the Facility to the Minister during the period;

                     (c)  a summary of any rejection notices given by the Minister during the period and the Minister's reasons for giving the notices;

                     (d)  for financial assistance provided by the Facility during the period, a summary of:

                              (i)  the amounts of financial assistance and kinds of Northern Australia economic infrastructure concerned; and

                             (ii)  the kinds of loan contracts used, and their important features;

                            (iii)  the risks and returns to the Commonwealth;

                     (e)   a summary of any adjustments or concessions made by the Facility during the period in relation to Northern Australia economic infrastructure projects that have not progressed as planned.