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Mandate Extension

At the time of publication, a broader statutory review of NAIF’s operations is underway, conducted by the responsible Minister for NAIF, the Minister for Resources, Water and Northern Australia. NAIF’s original mandate, to provide loans to infrastructure which contributes to unlocking the potential of the nation’s north, was due to expire by 30 June 2021. As part of his review, the Minister has announced an extension of NAIF’s term to 30 June 2026.

This extension gives NAIF renewed focus and momentum. It also places the organisation as a critical element of the Government’s refreshed northern Australian economic development agenda. We acknowledge the support of the Prime Minister and the Minister for Northern Australia and look forward to continuing to deliver on the Government’s ambitious and comprehensive agenda for northern Australia.