POLICY

Audit office hits out at NAIF for lack of transparency

THE Australian National Audit Office released its findings on the governance and integrity of the Northern Australia Infrastructure Fund yesterday, suggesting transparency is a problem and that integrity arrangements for decision making were "not fully effective".

Helen Clark

Genex' Kidston stage 2 has been a NAIF recipient with the single largest loan from the $5B fund

"While NAIF has established appropriate governance and policy frameworks, decision support processes were not sufficiently transparent or evidenced to demonstrate projects have been treated in a consistent...

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