Infrastructure Australia Reforms Become Law
26 June 2014
Today Parliament has passed the Infrastructure Australia Amendment Bill 2013, delivering on a key Coalition election commitment to achieve greater independence and improve transparency for the expert advisory body.
Deputy Prime Minister and Minister for Infrastructure and Regional Development Warren Truss said Infrastructure Australia will be able to operate with enhanced status as an independent statutory authority, governed by an independent Board.
“Through a change in the Infrastructure Australia governance structure and through better clarification of its functions, we have created a stronger, more independent body that can better serve our nation's needs,” Mr Truss said.
“The Bill's passage abolishes the role of the Infrastructure Coordinator, appointed by the Minister, and establishes the role of a Chief Executive Officer, to be appointed by and reporting to the Infrastructure Australia Board.
“Passage of the Bill also reforms Infrastructure Australia's key functions, tasking the body with undertaking an audit of nationally significant infrastructure and developing a 15-year plan on infrastructure priorities.”
“These reforms will help the Australian Government to remain focused on delivering critical infrastructure, ensuring we are getting value-for-money, maximising productivity and building the infrastructure of the 21st century.
New governance arrangements for Infrastructure Australia, including the establishment of the new Board, will commence on a date set by proclamation.