About us

How we operate

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 energy sector
  • 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 assessments
  • 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 Board Charter details the Board’s role and responsibilities and its relationship with Management. CEFC’s two standing Board Committees assist the Board in its oversight role. The Board Committee Charters detail the composition and responsibilities of each Committee and how they exercise their authority.  The respective Charters for the Board and the Board Committees can be found at:

The Australian Government's current CEFC Investment Mandate Direction ("Government Mandate") came into effect from 17 December 2018. The Government Mandate gives guidance to the Board about how the CEFC's investment function should perform. Our response to the Mandate is available here

We are transparent in our investment operations and keep market participants and the community fully informed of our activities. Our quarterly reports provide timely updates on our investments.

View the CEFC Code of Conduct and Ethics.