Summary

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.