The Australian government's close relationship with the gas industry comes at the expense of workers, renewables, and the environment, reports Margaret Gleeson.
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Amendments to the Northern Australia Infrastructure Facility passed Federal Parliament on Thursday.
The $5 billion federal loans scheme was criticised for years for being slow to hand money to approved projects.
The recent amendments broaden the scope of projects eligible for funding; permit NAIF to provide loans to entities other than states and territories, and determine the terms of those loans; and allow a total of $500 million of investment in equity, capped at $50 million or 50 per cent of any particular project.
As the program was due to expire at the end of this financial year, it was extended it for another five years.
The Australian government's close relationship with the gas industry comes at the expense of workers, renewables, and the environment, reports Margaret Gleeson.
Joint media release with Assistant Minister for Northern Australia Michelle Landry A Bill to implement a series of important Coalition Government reforms.