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Administered by: Prime Minister and Cabinet
Published Date 24 Apr 2017

 

COMMONWEALTH OF AUSTRALIA

 

Public Service Act 1999

 

Order to Establish the Infrastructure and Project Financing Agency as an
Executive Agency

 

I, General the Honourable Sir Peter Cosgrove AK MC (Ret’d), Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council and under section 65 of the Public Service Act 1999:

 

(a)        establish the Infrastructure and Project Financing Agency as an Executive Agency;

 

(b)        allocate the name ‘the Infrastructure and Project Financing Agency’ to the Executive Agency;

 

(c)        allocate the name Chief Executive Officer to the Head of the Executive Agency;

 

(d)       identify the Prime Minister as the Minister responsible for the Executive Agency;

 

(e)        specify the functions of the Infrastructure and Project Financing Agency be as follows:

 

                                     i.            to assist relevant portfolio ministers and agencies in the early identification of transformative economic infrastructure projects where innovative financing could form part of any future Commonwealth Government investment;

 

                                   ii.            to assist relevant portfolio ministers and agencies to develop and assess financing options, including through early-stage engagement in the development of business cases with project proponents;

 

                                 iii.            to assist relevant portfolio ministers and agencies to broker financing arrangements and in the ongoing commercial management of those investments as appropriate;

 

                                 iv.            to provide stand-alone advice to the Cabinet on suitable financing options and associated benefits and risks, for all projects seeking Commonwealth funding or financing for economic infrastructure projects;

 

                                   v.            to provide a stand-alone report to the Cabinet on all innovative financing opportunities for transformative economic infrastructure, including those that could be further considered by relevant portfolio ministers and Infrastructure Australia, on a quarterly basis.

 

This Order will commence on 1 July 2017.

 

Dated                                     13 April 2017

 

 

 

Peter Cosgrove

                                                                                                   Governor-General

 

By His Excellency’s Command

 

 

Malcolm Turnbull

Prime Minister