The CEFC is a statutory authority established by the Australian
Government under the Clean Energy Finance Corporation Act
2012. Under the Public
Governance, Performance and Accountability Act (PGPA
Act), the CEFC is known as a corporate Commonwealth
entity. The CEFC Act:
- Creates the CEFC Special Account, a Special Account under the
PGPA Act which is credited with $2 billion each 1 July, for five
years from 1 July 2013, to enable the CEFC to invest in the clean
- Provides the CEFC Board with statutory responsibility
for decision-making and managing the CEFC's investments. The
Board operates and makes its investment decisions
independently of government, based on rigorous commercial
- Provides for the appointment of the CEFC Chief Executive
Officer, who is responsible for the day-to-day administration of
the CEFC, subject to (and in accordance with the policies
determined by) the Board.
- Requires investments by the CEFC to be "complying investments"
as defined in Section 59 (2).
The Australian Government's current CEFC
Investment Mandate Direction ("Government Mandate") took
effect on 10 January 2017. The Government Mandate gives guidance to
the Board about how the CEFC's investment function should perform.
Our response to the Mandate is available
We are transparent in our investment operations and keep market
participants and the community fully informed of our activities.
You will find all our reports on our publications