Environmental Justice Australia made this submission to the Senate committee looking at the Governance and operation of the Northern Australia Infrastructure Facility (NAIF).
It raises concerns about:
- The adequacy and transparency of the NAIF’s governance framework, including its project assessment and approval processes
- The adequacy of the NAIF’s Investment Mandate, risk appetite statement and public interest test in guiding decisions of the NAIF Board
- The processes used to appoint NAIF Board members, including assessment of potential conflicts of interest
- The transparency of the NAIF’s policies