The Australian Government will need to act quickly and
decisively if the Sydney-based, internationally-operating Global
Infrastructure Hub is going to be a success. The G20 has given the
Hub only a four year mandate to realise its goal of meaningfully
closing the global infrastructure gap. To read more about this,
please see our previous update
here.
The process of setting up the Global Infrastructure Hub has now
been initiated with the recent registration of the Financial
Framework (Supplementary Powers) Amendment
(2014 Measures No. 3) Regulation 2014.
This new Regulation provides the legislative foundation for the
initiative by providing the Government with the authority to form a
company limited by guarantee, which will undertake the activities
of the Global Infrastructure Hub, while also giving to the
Government the power to provide resources and funding for the Hub.
The Australian Treasury will have responsibility for administering
these funds, although the
