Minister for Resources and Northern Australia Madeleine King has tabled an independent review of the Northern Australia Infrastructure Facility (NAIF) Act, with a range of recommendations made aimed at ensuring the facility continues to deliver for Northern Australia.
Led by the Hon Warren Snowdon, along with Professor Peter Yu and Dr Lisa Caffery, the review held 85 meetings with stakeholders from all levels of government, industry, First Nations organisations, research and regional development bodies. The panel also reviewed 40 written submissions.
The review makes 21 recommendations to strengthen governance arrangements for NAIF. It found overwhelming support for NAIF at all levels of government, industry and the public.
"I thank Mr Snowdon, Professor Yu and Dr Caffery for their work and recommendations," Minister King said.
"The Government will consider the review and respond to the recommendations in coming months."
The NAIF was established in 2016.
The Albanese Government extended NAIF's funding by $2 billion in 2022, giving it $7 billion to invest in economic development, jobs and opportunities across northern Australia.
The NAIF review is available able on the 2024 Northern Australia Infrastructure Facility Act Review webpage.
