The Senate Economics Legislation Committee has a new inquiry into the Clean Energy Finance Corporation Bill 2012.

 

The bill:

  • establishes the Clean Energy Finance Corporation as a body corporate;
  • establishes the Clean Energy Finance Corporation Special Account and appropriates funds to that account;
  • establishes the board of the corporation responsible for decision making and managing the corporation’s investments;
  • requires responsible ministers to issue an investment mandate to the board about the performance of its functions;
  • requires the board to formulate and publish policies relating to the investment strategy for the corporation, benchmarks and standards for assessing the performance of the corporation and risk management strategy;
  • provides for the corporation to share information with certain organisations;
  • and provides for a review of the operation of the Act and other related matters to be undertaken as soon as practicable after 1 July 2016.

 

Submissions should be received by 21 June 2012. The reporting date is 25 June 2012.

 

More information is here.