Environmentally harmful projects
The bill does not prohibit financial assistance for coal and gas extraction, related pipelines or native-forest logging, creating a risk that public money supports environmentally damaging projects.
This bill became law on Jun 30th, 2026.
Transport & communications
Northern Australian projects can seek new financing decisions until 30 June 2036, up from 30 June 2026.
The government said the Northern Australia Infrastructure FacilityA government lender for northern infrastructure projects., a $7 billion government lender for northern projects, helps overcome distance, severe weather and gaps in commercial finance. Minister Madeleine King (Labor) said it had made 37 investment decisions worth more than $4.3 billion, supporting projects forecast to create more than 18,000 jobs. The government said the extension would keep that financing available and give investors and communities greater certainty.
Created in 2016 to help finance infrastructure and economic development across northern Australia, the Northern Australia Infrastructure FacilityA government lender for northern infrastructure projects. faced the end of its power to make investment decisions on 30 June 2026. A 2024 independent review, tabled in Parliament on 27 August 2025, recommended updated oversight, prompting Hon Madeleine King MP to introduce the 2026 amendment; after Royal Assent on 30 June 2026, NAIF's decision-making period was extended to 30 June 2036, with ministerial corrective powers and reviews due after 30 June 2029 and 30 June 2034.
Zali Steggall (Independent) argued the bill left the facility open to financing fossil-fuel infrastructure and did not require decisions to follow Australia’s climate targets. She also said it did not clearly require consultation with First Nations Australians. Elizabeth Watson-Brown (Australian Greens) opposed the bill unless it barred financing for coal, gas and native-forest logging. Melissa Price (Liberal) supported the bill but argued the facility should operate permanently, instead of receiving a 10-year extension.
Hon Madeleine King MP introduced this bill. It passed with support from Labor, One Nation, Liberal Party, Liberal, some crossbench members; opposed by Greens.
Did it become law?
Yes
Became law 30 June 2026
Final passage
Recorded final vote
1 counted final-passage vote was recorded.
Passage speed
118 days
From introduction to the latest recorded parliamentary step
Meaning
Northern Australian projects can seek new financing decisions until 30 June 2036, up from 30 June 2026.
The facility’s board must tell both responsible ministersThe Northern Australia and Finance ministers. when it breaks its government-set investment rules. It must also explain its proposed fix.
The responsible ministersThe Northern Australia and Finance ministers. can order the board to explain a breach and fix it within set periods. The board must obey.
Borrowers and project partners keep valid transactions even when the facility breaks its investment rules or a ministerial direction.
The Northern Australia and Finance ministers will jointly oversee board appointments, leave, meetings and related governance matters.
Northern Australian communities get two future reviews of the facility’s governing law, after 30 June 2029 and 30 June 2034.
Northern Australia Infrastructure Facility Act 2016 Omit “30 June 2026” (wherever occurring), substitute “30 June 2036”.Northern Australia Infrastructure Facility Amendment Act 2026
3 After subsection 9(3) (3A) As soon as practicable after the Board becomes aware that the Facility or one of its subsidiaries has failed to comply with the Investment Mandate, the Board must give the responsible Ministers a written statement: (a) informing the responsible Ministers; and (b) setting out the action that the Facility proposes to take in order to ensure that the Facility or subsidiary complies with the Investment Mandate.Northern Australia Infrastructure Facility Amendment Act 2026
(3B) If the responsible Ministers are satisfied that the Facility or one of its subsidiaries has failed to comply with the Investment Mandate, the responsible Ministers may (whether or not the Board has given the responsible Ministers a statement under subsection (3A)), by written notice given to the Board, direct the Board: (a) to give the responsible Ministers, within a period specified in the notice, a written explanation; and (b) to take action specified in the notice, within a period specified in the notice, in order to ensure that the Facility or subsidiary complies with the InvestmentNorthern Australia Infrastructure Facility Amendment Act 2026
(3D) A failure to comply with: (a) the Investment Mandate; or (b) a direction under subsection (3B); does not affect the validity of any transaction.Northern Australia Infrastructure Facility Amendment Act 2026
4 Sections 15 and 16 Omit “Minister”, substitute “responsible Ministers”. 5 Subsection 17(4) Omit “Minister”, substitute “responsible Ministers”. 6 Subsection 18(1) Omit all the words after “appointed member,”, substitute “the responsible Ministers may grant leave of absence to the Chair on the terms and conditions that the responsible Ministers determine”. 7 Section 19 Omit “Minister”, substitute “responsible Ministers”. 8 Section 20 Omit “Minister” (wherever occurring), substitute “responsible Ministers”. 9 Subsection 21(1) Omit “Minister may”, substitute “responsible Ministers maNorthern Australia Infrastructure Facility Amendment Act 2026
13 Section 43 Repeal the section, substitute: 43 Reviews of operation of Act (1) The Minister must cause a review of the operation of this Act to commence as soon as practicable after: (a) 30 June 2029; and (b) 30 June 2034. (2) Without limiting subsection (1), the review mentioned in paragraph (1)(b) must consider: (a) whether the time limit of 30 June 2036 set out in section 8 for making decisions to provide financial assistance should be extended; and (b) the appropriate governance arrangements for the Facility after that date. (3) The persons undertaking a review must give the MinNorthern Australia Infrastructure Facility Amendment Act 2026
Context
Created in 2016 to help finance infrastructure and economic development across northern Australia, the Northern Australia Infrastructure FacilityA government lender for northern infrastructure projects. faced the end of its power to make investment decisions on 30 June 2026. A 2024 independent review, tabled in Parliament on 27 August 2025, recommended updated oversight, prompting Hon Madeleine King MP to introduce the 2026 amendment; after Royal Assent on 30 June 2026, NAIF's decision-making period was extended to 30 June 2036, with ministerial corrective powers and reviews due after 30 June 2029 and 30 June 2034.
Northern Australia Infrastructure FacilityA government lender for northern infrastructure projects. is established
The Turnbull government established the $7 billion facility to support investment, jobs and economic development across northern Australia.
Hansard ↗Independent review of NAIF is tabled
The independent review, chaired by Warren Snowdon with Peter Yu and Lisa Caffery, was tabled in Parliament and the bill later responded to its recommendations for updated oversight.
Hansard ↗Hon Madeleine King MP introduces the bill
With NAIF's investment decision-making authority due to expire on 30 June 2026, Hon Madeleine King MP introduced the bill to extend its period and strengthen oversight.
Hansard ↗Parliament passes the bill
Both houses passed the bill and the Governor-General gave Royal Assent, extending NAIF's investment decision-making period to 30 June 2036.
Parliamentary timeline ↗The Act adds compliance and review checkpoints
The enacted changes require the Board to notify ministers about Investment MandateGovernment-set rules guiding the facility’s investments. breaches, allow corrective directions, and require reviews after 30 June 2029 and 30 June 2034.
Northern Australia Infrastructure Facility Amendment explanatory memorandum ↗Legislative route
The bill was formally presented to the chamber and read a first time, which starts its parliamentary journey.
Introduced and read a first time
A minister or sponsoring member moved the second reading, opening the main debate on the bill's purpose and principles.
Second reading moved
The bill reached this recorded parliamentary step.
The bill reached this recorded parliamentary step.
Referred to Federation Chamber
The bill reached this recorded parliamentary step.
The chamber agreed to the bill at second reading, meaning it accepted the bill in principle and allowed it to continue.
Second reading agreed to
The chamber considered the bill in detail and dealt with amendments before the next stage.
Consideration in detail debate
The bill reached this recorded parliamentary step.
Reported from Federation Chamber
The chamber considered the bill in detail and dealt with amendments before the next stage.
Consideration in detail debate
The chamber agreed to the bill at third reading, which completed passage through that chamber.
Third reading agreed to
The bill was formally presented to the chamber and read a first time, which starts its parliamentary journey.
Introduced and read a first time
A minister or sponsoring member moved the second reading, opening the main debate on the bill's purpose and principles.
Second reading moved
The bill reached this recorded parliamentary step.
Recorded vote: 28 to 10.
The chamber agreed to the bill at second reading, meaning it accepted the bill in principle and allowed it to continue.
Second reading agreed to
The bill reached this recorded parliamentary step.
Recorded vote: 29 to 10.
The chamber agreed to the bill at third reading, which completed passage through that chamber.
Third reading agreed to
Both houses passed the bill in the same form, completing parliamentary passage.
Finally passed both Houses
The Governor-General gave Royal Assent, turning the bill into an Act.
Key criticism
Zali Steggall (Independent) argued the bill left the facility open to financing fossil-fuel infrastructure and did not require decisions to follow Australia’s climate targets. She also said it did not clearly require consultation with First Nations Australians. Elizabeth Watson-Brown (Australian Greens) opposed the bill unless it barred financing for coal, gas and native-forest logging. Melissa Price (Liberal) supported the bill but argued the facility should operate permanently, instead of receiving a 10-year extension.
The government said the facility’s investment rules already ask it to support sustainability and climate solutions. The minister also argued the bill improves oversight, while the final Act schedules reviews after 30 June 2029 and 30 June 2034.
Environmentally harmful projects
The bill does not prohibit financial assistance for coal and gas extraction, related pipelines or native-forest logging, creating a risk that public money supports environmentally damaging projects.
Missing climate and consultation safeguards
Extending the Facility without requiring alignment with climate law or consultation with First Nations communities could worsen climate risks and allow affected communities too little say in funded developments.
Further sources
Votes
The chamber-passage votes come first. Expand a vote to see the party breakdown.
House agreed to the bill's third reading on the voices, so there is no list of individual Aye and No votes for final passage in that chamber.
Passed on the voices
In a voice vote, members call out Aye or No and the presiding officer judges which side has it. Individual names are only recorded if a formal division is called.
Passed 29 to 10. Support came from Labor, One Nation, Liberal Party, Liberal, and minor parties and independents. Opposition came from Greens.
Earlier bill-stage votes
Passed 28 to 10. Support came from Labor, One Nation, Liberal, Nationals, and minor parties and independents. Opposition came from Greens.
Passed 26 to 10. Support came from Labor, One Nation, Liberal Party, Liberal, and minor parties and independents. Opposition came from Greens.
Recorded amendment and procedural votes grouped by chamber. Expand a vote to see the party breakdown.
House
Defeated 7 to 71. Support came from Greens and minor parties and independents. Opposition came from Labor, Katter's Australian Party, and Nationals.
The proposed change was not agreed.
Did not vote: Liberal Party, LNP, Nationals
Defeated 7 to 68. Support came from Greens and minor parties and independents. Opposition came from Labor, Katter's Australian Party, One Nation, and Nationals.
The bill proceeded without these restrictions and consultation requirements for facility funding decisions.
Did not vote: Liberal Party, LNP, Nationals
Senate
Defeated 20 to 31. Support came from Liberal, One Nation, Liberal Party, and Nationals. Opposition came from Labor, Greens, and minor parties and independents.
The defeat meant the Senate did not attach this policy position to its agreement to consider the bill.
Defeated 20 to 30. Support came from Liberal, One Nation, Nationals, and Liberal Party. Opposition came from Labor, Greens, and minor parties and independents.
The bill retained its extension to 2036 and its existing schedule of statutory reviews instead of making the facility permanent.
Defeated 11 to 26. Support came from Greens and minor parties and independents. Opposition came from Labor, One Nation, Liberal Party, and Liberal.
The facility remained able to consider those activities under the bill and its investment framework.
This list includes amendment votes, procedural votes and votes on the bill itself.
Parliamentary debate
Start here — lead voices
King supports the bill because it extends the facility's investment period to 2036, strengthens oversight and gives investors greater certainty so development projects across northern Australia can continue.
Read in Hansard ↗Watson-Brown says the Greens will oppose the bill unless it is amended to prevent the Northern Australia Infrastructure FacilityA government lender for northern infrastructure projects. from financing coal, gas and native logging projects, arguing taxpayers should not bear the risks of environmentally damaging developments.
Read in Hansard ↗Paul Scarr supports the bill and Senator McDonald's amendment to make the Northern Australia Infrastructure FacilityA government lender for northern infrastructure projects. permanent, arguing that it successfully unlocks investment, jobs and wider economic benefits across northern Australia.
Read in Hansard ↗Steggall supports extending the infrastructure facility only with amendments that prohibit fossil fuel financing, align funding with climate law and require consultation with First Nations communities.
Read in Hansard ↗All speeches by bloc
7 speakers · 8 contributions · 7 support
“The NAIF has already delivered more than $4 billion worth of investments across northern Queensland, the NT and northern Western Australia. The few I've mentioned here today illustrate how the NAIF has the capacity to affect positive and lasting change across many sectors, in many communities and in many families. The Northern Australia Infrastructure Facility Amendment Bill 2026 means that the NAIF will remain a secure, consistent and transparent source of funding to bolster economic development, jobs and infrastructure for our whole nation.”Read the full speech in Hansard ↗
“Northern Australia is half of our continent by landmass and home to some of our most dynamic industries, our fastest growing communities and the First Nations peoples whose stewardship of country spans millennia. Of course, a strong north means a strong Australia, and today I'm proud to speak in support of the Northern Australia Infrastructure Facility Amendment Bill 2026, which will extend the NAIF, the Northern Australia Infrastructure Facility, for a further 10 years. This is a practical, nation-building step that will unlock investment, create jobs, deepen First Nations participation and help secure critical supply chains as we transition to net zero, all while returning significant public benefit well beyond the Commonwealth's outlay—as significant as the Commonwealth's outlay is.”Read the full speech in Hansard ↗
“Finally, I'd just say that there are many examples here, whether it's critical minerals, whether it's the future made in Australia, whether it's agriculture—this NAIF forms an essential part of the government's broader economic strategy and meets those broader economic goals. The idea that it continues to 2036 and the idea that its accountability measures are strengthened—I think it's going to give it the longevity that it so desperately needs and create the opportunities which are so abundantly clear. I commend the bill to the House.”Read the full speech in Hansard ↗
Hansard records 2 separate contributions by Madeleine King on this bill. They are grouped here so the speaker is listed once.
Minister's second reading speech
King supports the bill because it extends the facility's investment period to 2036, strengthens oversight and gives investors greater certainty so development projects across northern Australia can continue.
“The bill strengthens NAIF's legislative foundation, improves accountability, maintains certainty for investors and ensures the framework remains fit for purpose through the next decade. I commend the bill to the House.”Read this contribution in Hansard ↗
Second reading speech
King supports the bill because it extends the infrastructure facility's investment period to 2036, strengthens oversight and accountability, and gives investors and northern communities greater long-term certainty.
“This bill strengthens the legislative foundation of the Northern Australia Infrastructure Facility. It enhances accountability and provides certainty to investors and project proponents. It ensures NAIF remains a reliable partner in delivering the long-term infrastructure necessary to grow northern Australia. It is a practical, measured and future focused package of reforms. It makes sure that a strong north will contribute to a very strong Australia. I thank all members once again for their contributions, and I commend the bill to the House.”Read this contribution in Hansard ↗
“This Bill strengthens NAIF's legislative foundation, improves accountability, maintains certainty for investors and ensures the framework remains fit for purpose through the next decade.”Read the full speech in Hansard ↗
“I hope through my speech I have shown just how important both the NAIF and government investment are to northern Australia and what northern Australia means to the rest of the country. We are not the final frontier. We are the future. The NAIF allows us to be the best version of ourselves and will help bring Australia along with us. I commend this bill to the House and all urge all members to back in northern Australia.”Read the full speech in Hansard ↗
“This bill strengthens the legislative foundations of the Northern Australia Infrastructure Facility, enhances accountability, provides certainty to investors and project proponents, ensures that NAIF remains a reliable partner in delivering the long-term infrastructure necessary to grow northern Australia. It's a practical, measured and future focused package of reforms. I've seen with my own eyes the real transformational effects and economic benefits that the NAIF has had in northern Australia—and will continue to have over the next 10 years if this bill is passed. I think, genuinely, if you are a supporter of the people of northern Australia and the NAIF, then you will support this bill. I thank the Senate, and I commend the bill to the Senate.”Read the full speech in Hansard ↗
4 speakers · 4 support
“I'm delighted to speak in support of the NAIF. I'm delighted to speak on behalf of the people of Queensland to support the amendment which was proposed by my good friend Senator McDonald. I know that there are quite a few Queensland senators in the chamber, which is always good to see—we've nearly got a majority in the chamber at the moment. I'm delighted to support the amendment that the NAIF be in perpetuity. As I started this speech, I'll end it: when northern Australia prospers, Australia prospers.”Read the full speech in Hansard ↗
“We are supporting this bill. Of course, we support the NAIF. The coalition created the NAIF, and we recognise the importance of continuing this investment. For the communities across Durack and the north, NAIF represents an ongoing commitment to the infrastructure that supports jobs, drives investment and strengthens regional Australia. A thriving north equals a prosperous Australia. It always has; it always will. For that, we need the Northern Australia Infrastructure Fund, which is why the coalition created the fund and why we support this bill today.”Read the full speech in Hansard ↗
“Northern Australia is not a distant frontier; it is central to Australia's prosperity, security and future growth. That is why the coalition supports the Northern Australia Infrastructure Facility Amendment Bill 2026, extending the NAIF for a further 10 years from 30 June 2026 to 30 June 2036.”Read the full speech in Hansard ↗
“Northern Australia has always been an exciting and challenging frontier, with incredible and immense opportunities. On this front, the NAIF is perfectly poised to encourage and support investors in converting risk and opportunity into jobs, fostering sustainable communities, delivering transformational infrastructure and helping to secure a strong and more robust overall economy for both the North and the whole of Australia. We should all continue to support the vital work of the NAIF. That's why the federal coalition will be supporting this legislation. I thank the House.”Read the full speech in Hansard ↗
1 speaker · 1 oppose
“The Greens will be opposing the unamended Northern Australia Infrastructure Facility Amendment Bill 2026 in the House and reserving our position in the Senate. The reality is that there's nothing stopping the NAIF from being a fund to keep coal and gas on life support, and that is why we're opposing it.”Read the full speech in Hansard ↗
1 speaker · 1 mixed
“I totally support that the bill has a legitimate purpose in extending the NAIF's decision-making window and maintaining an investment vehicle for northern Australia. There is a case for continuity, and I know the need is dire across so many areas. But there is definitely clear need for guardrails to ensure public funds are not used to further fund fossil fuel expansions. The amendment deals with funding decisions; making this legislation consistent with current law around the Climate Change Act and the net zero by 2050 obligation; prohibiting finance under the NAIF for gas facilities, including pipelines; and mandating consultation with First Nations for funding decisions under the NAIF. Too often we hear of First Nations communities who are being sidelined from public consultation in northern Australia but who are going to be impacted by projects, and that is just wrong. I don't understand how the Albanese government can continue with a process that does not embed proper consultation.”Read the full speech in Hansard ↗
Record
House · Introduced and read a first time
Introduced
The bill was formally presented to the chamber and read a first time, which starts its parliamentary journey.
House · Second reading moved
Second reading opened
A minister or sponsoring member moved the second reading, opening the main debate on the bill's purpose and principles.
House · Second reading debate
Second reading debate
The bill reached this recorded parliamentary step.
House · Referred to Federation Chamber
Referred to Federation Chamber
The bill reached this recorded parliamentary step.
House · Second reading debate
Second reading debate
The bill reached this recorded parliamentary step.
House · Second reading agreed to
Second reading agreed
The chamber agreed to the bill at second reading, meaning it accepted the bill in principle and allowed it to continue.
House · Consideration in detail debate
Consideration in detail
The chamber considered the bill in detail and dealt with amendments before the next stage.
House · Reported from Federation Chamber
Reported from Federation Chamber
The bill reached this recorded parliamentary step.
House · Consideration in detail debate
Consideration in detail
The chamber considered the bill in detail and dealt with amendments before the next stage.
House · Third reading agreed to
Third reading agreed
The chamber agreed to the bill at third reading, which completed passage through that chamber.
Senate · Introduced and read a first time
Introduced
The bill was formally presented to the chamber and read a first time, which starts its parliamentary journey.
Senate · Second reading moved
Second reading opened
A minister or sponsoring member moved the second reading, opening the main debate on the bill's purpose and principles.
Senate · Second reading debate
Second reading debate
The bill reached this recorded parliamentary step.
Senate · Second reading agreed to
Recorded vote: 28 to 10.
Second reading agreed
The chamber agreed to the bill at second reading, meaning it accepted the bill in principle and allowed it to continue.
Senate · Committee of the Whole debate
Committee of the Whole debate
The bill reached this recorded parliamentary step.
Senate · Third reading agreed to
Recorded vote: 29 to 10.
Third reading agreed
The chamber agreed to the bill at third reading, which completed passage through that chamber.
Parliament · Finally passed both Houses
Passed both houses
Both houses passed the bill in the same form, completing parliamentary passage.
Assent · Assent
Assent
The Governor-General gave Royal Assent, turning the bill into an Act.