Federal Register of Legislation - Australian Government

Primary content

Directions/Other as made
This direction updates the Clean Energy Finance Corporation’s Investment Mandate to facilitate the introduction of a new $100 million Australian Recycling Investment Fund. It replaces the Corporation’s previous Investment Mandate.
Administered by: Industry, Science, Energy and Resources
Exempt from sunsetting by the Legislation (Exemptions and Other Matters) Regulation 2015 s11 item 03
Registered 16 Dec 2019
Tabling HistoryDate
Tabled HR04-Feb-2020
Tabled Senate04-Feb-2020
Date of repeal 02 May 2020
Repealed by Clean Energy Finance Corporation Investment Mandate Direction 2020

 

 

 

7 November 2019

 

The Hon Angus Taylor MP

Minister for Energy and Emissions Reduction

 

Senator the Hon Mathias Cormann

Minister for Finance

 

Parliament House

Canberra

ACT 2600

Australia

 

 

Dear Ministers,

 

Issue of Consultation Draft Direction under section 66, Clean Energy Finance

Corporation Act 2012

 

I write with reference to your correspondence that the Clean Energy Finance Corporation (CEFC) received on 6 November 2019 enclosing a consultation draft direction (Investment Mandate) for consideration of the CEFC Board, as required under section 66 of the Clean Energy Finance Corporation Act 2012 (the CEFC Act).

 

The Board has asked that I respond on its behalf. This formal response is provided as a submission pursuant to section 66 of the CEFC Act.

 

The CEFC Board accepts the new direction set out in the Investment Mandate for CEFC to make available up to $100 million for an Australian Recycling Investment Fund to support recycling or recycled content projects utilising clean energy technologies, with a particular focus on waste plastics, paper, glass and tyres.

 

The Board acknowledges this direction and, once given and in effect, will undertake all reasonable steps to ensure that the CEFC complies.

 

Yours sincerely,

 

[SIGNED]

 

         

Steven Skala AO

Chair