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Northern Australia Infrastructure Facility Amendment (Extension and Other Measures) Bill 2021

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2019-2020-2021

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

Northern Australia Infrastructure Facility Amendment (Extension and Other Measures) Bill 2021

 

 

(1)     Schedule 1, item 7, page 4 (line 24), omit the definition of Secretary .

[Secretary]

(2)     Schedule 1, page 7 (after line 23), after item 15, insert:

15A  At the end of Part 2

Add:

8A  Prohibition on assistance for fossil fuel-based infrastructure

             (1)  Financial assistance must not be provided under this Act for the development of fossil fuel-based infrastructure.

             (2)  It must be a condition of any grant of financial assistance under this Act that the financial assistance not be used (whether directly or indirectly) for the development of fossil fuel-based infrastructure.

             (3)  Without limiting subsection (1), neither the Facility nor a subsidiary of the Facility may invest (whether directly or indirectly, including as a participant in a partnership, trust, joint venture or similar arrangement, through subsidiaries or other investment vehicles, or by any combination of these means) in fossil fuel-based infrastructure.

             (4)  In this section:

fossil fuel-based infrastructure:

                     (a)  includes fossil fuel-based electricity generation capacity; and

                     (b)  does not include electricity transmission infrastructure.

fossil fuels includes any of the following:

                     (a)  coal;

                     (b)  oil and other petroleum-based products;

                     (c)  natural gas;

                     (d)  products, by-products and wastes from extracting or processing fossils fuels to which paragraphs (a) to (c) apply.

[fossil fuel-based infrastructure]

(3)     Schedule 1, item 25, page 8 (line 29) to page 9 (line 1), omit the item.

[Secretary]

(4)     Schedule 1, item 27, page 9 (lines 4 and 5), omit the item.

[Secretary]

(5)     Schedule 1, item 42, page 10 (lines 15 to 24), omit the item.

[Secretary]