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Response to report of Senate inquiry into NAIF

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SENATOR THE HON MATTHEW CANAVAN Minister for Resources and Northern Australia


Response to report of Senate inquiry into NAIF

6 July 2018

Responding to the report of the Senate inquiry into the Northern Australia Infrastructure Facility (NAIF) released today, Minister for Resources and Northern Australia Matt Canavan said it reflected the previously well-ventilated prejudices of Labor and the Greens.

“The recommendations are a partisan stitch-up by the Labor-Greens majority on the Senate committee,” Minister Canavan said.

“I agree with the dissenting report by Coalition members of the committee, who report they ‘are pleased with the conduct of the NAIF Board and management, and congratulate the NAIF team on their diligence and their effective stewardship of taxpayers' funds’.

“They are correct in saying that ‘this dedication to proper process is now bearing fruit, with new loan agreements that will foster development in Northern Australia being announced with regularity’.

“Just this week, I was in Townsville announcing NAIF had agreed to provide a loan of $96 million to James Cook University to help increase enrolments by engineering students.

“Changes the Government made to the NAIF rules recently are bearing fruit and we will see more funding announcements rolling out across the North in coming months.”

Media contact: Martin Bowerman 0428 303 189

Authorised by M. Canavan, Rockhampton