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Statement from the CEFC about the new Investment Mandate 2016

12 December 2016

The CEFC has received a new Investment Mandate, which comes into effect on 12 December 2016.

The Clean Energy Finance Corporation Investment Mandate Direction 2016 (No.2) is available at ComLaw. The new Investment Mandate replaces the previous Investment Mandate.

This new Investment Mandate gives effect to the Sustainable Cities Investment Program and the Reef Funding Program, and amends the targeted investment amount under the Clean Energy Innovation Fund.

Consistent with the CEFC Act, the CEFC was consulted during the development of the new Investment Mandate. A copy of the CEFC's response to the Responsible Ministers, from CEFC Chair Ms Jillian Broadbent AO, is available here.

The CEFC will implement the new investment focus as part of its investment activities.

About the Investment Mandate

Under the CEFC Act, the Australian Government can provide directions to the CEFC by issuing it with an investment mandate. Any directions contained in the investment mandate may not require the CEFC to make or not make a particular investment, or be inconsistent with the CEFC Act.