FED Northern Australia Loans Fund Can Give Money Until 2036

Northern Australia Infrastructure Facility Amendment Bill 2026

House of Representatives

Senate

Assent

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Introduced by: The Hon Madeleine King MP (ALP)

Links to official parliament websites

Official page: progress through parliament

Effects of this bill

If this bill passes, it means that:

The Northern Australia Infrastructure Facility (NAIF) can now make decisions to provide financial assistance until 30 June 2036.
The NAIF Board must tell the responsible Ministers in writing as soon as possible if the Facility or its subsidiaries fail to follow the Investment Mandate.
Responsible Ministers can order the NAIF Board to explain a failure to follow the Investment Mandate and tell them how to fix it. The Board must follow these directions.
Transactions made by the Northern Australia Infrastructure Facility remain valid even if the Facility failed to follow the Investment Mandate or a Minister's direction.
Authority for several sections of the Act shifts from a single Minister to multiple responsible Ministers.
The responsible Ministers must start reviews of how the Act is working after 30 June 2029 and 30 June 2034. The resulting reports must be tabled in Parliament.
Responsible Ministers can decide the terms and conditions for the NAIF Chair's leave of absence.

The Debate

What different members said when this bill was debated:

David Littleproud LNP

“I’m pleased to rise and deliver this response on behalf of the federal coalition to affirm our support for the Northern Australia Infrastructure Facility Amendment Bill 2026, extending the NAIF for a further 10 years, from 30 June 2026 to 30 June 2036. This is a bill which stems from the independent review into the NAIF chaired by the Hon.”

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Jess Walsh ALP

“I move: That this bill be now read a second time. I seek leave to have the second reading speech incorporated in Hansard. Leave granted.”

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Paul Scarr LIB

“The Northern Australia Infrastructure Facility, the NAIF, is something we should be talking about—and, whilst the minister’s here, I note we should also be talking about trade. I, unfortunately, couldn’t attend the Trade 2040 Taskforce because the bells were ringing. Senator Farrell: Would you like a copy of my speech? Senator SCARR: I’d love a copy of your speech, Minister.”

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Nita Green ALP

“I’d like to start by thanking senators for their contribution to this debate on the Northern Australia Infrastructure Facility Amendment Bill 2026. I’ll keep my comments brief because I know there are more amendments for us to work our way through this morning.”

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