Further to our
last update on the establishment of the National
Reconstruction Fund (NRF) in Australia, the
National Reconstruction Fund Corporation (Investment Mandate)
Direction 2023 (Investment Mandate) has now been
released.
What is the purpose of the Investment Mandate?
The purpose of the Investment Mandate is to give the National
Reconstruction Fund Corporation
(the Corporation) directions about its
investment functions and powers to ensure it invests in priority
areas that will support and improve Australia's industry and
economy and deliver a positive return to the Australian
Government.
The Minister for Industry, Ed Husic and the Minister for
Finance, the Hon Katy Gallagher have described the Investment
Mandate as “unlocking billions of dollars in investment
finance to rebuild Australia's competitiveness across the
manufacturing value chain”.
