Summary
Amends the
Northern Australia Infrastructure Facility Act 2016
to: increase the Northern Australia Infrastructure Facility’s (NAIF) appropriation from $5 billion to $7 billion; enable the NAIF to provide financial assistance for the development of economic infrastructure that provides a basis for economic growth or stimulates population growth in the territories of Christmas Island and the Cocos (Keeling) Islands; and provide that the objectives of the Act include the provision of financial assistance for the development of Northern Australia economic infrastructure for the benefit of Indigenous persons.