The Australian Government is now operating in line with Caretaker Conventions, pending the outcome of the 2025 federal election.
National Reconstruction Fund (NRF)
The National Reconstruction Fund (NRF) will provide finance for projects that diversify and transform Australia’s industry and economy.
Priority areas
The Australian Government established the National Reconstruction Fund Corporation (NRFC) to support 7 priority areas:
- value-add in resources
- value-add in agriculture, forestry and fisheries
- transport
- medical science
- renewables and low emission technologies
- defence capability
- enabling capabilities.
The NRFC will provide finance in the form of debt, equity and guarantees to support Australian projects that drive high-value industry transformation.