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Part SCHEDULE 1 - Northern Australia Infrastructure Facility Investment Mandate Direction 2016 - ELIGIBILITY FOR FINANCIAL ASSISTANCE — MANDATORY CRITERIA | Zoe

CTHRepealedLegislation

Northern Australia Infrastructure Facility Investment Mandate Direction 2016

SCHEDULE 1ELIGIBILITY FOR FINANCIAL ASSISTANCE — MANDATORY CRITERIA

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SCHEDULE 1 - ELIGIBILITY FOR FINANCIAL ASSISTANCE – MANDATORY CRITERIA

To be eligible for financial assistance, project proponents need to meet all the following mandatory criteria:

Mandatory criteria	Description
The proposed Project involves construction or enhancement of economic infrastructure.	The Project Proponent must demonstrate that the Project incorporates physical structures associated with the flow of people, goods, services and information between buyers and sellers or that enables an increase in economic activity, including efficiency in developing and connecting markets, and population in a region. It includes, but is not limited to, rail, water, energy and communications networks, ports and airports.The Project must bring new capacity online either through the construction of new infrastructure or by materially enhancing existing infrastructure.The refinancing of existing debt that does not involve the creation of new capacity is ineligible.
2. The proposed Project will be of public benefit.	In considering public benefit, the Board will give preference to those Projects that will:serve or have the capacity to serve multiple users; andproduce benefits to the broader economy and community beyond those able to be captured by Project Proponents.
3. The proposed Project is unlikely to proceed, or will only proceed at a much later date, or with a limited scope, without financial assistance.	The Project Proponent must demonstrate to the Board’s satisfaction that financial assistance is necessary to enable the Project to proceed, or to proceed much earlier than it would otherwise.
4. The Project is located in, or will have a significant benefit for, Northern Australia.	Northern Australia is defined in the Act. It includes all of the Northern Territory, and those parts of Queensland and Western Australia above the Tropic of Capricorn.It also includes areas which intersect with the Tropic of Capricorn and the regional centres of Gladstone (Queensland), Carnarvon (Western Australia) and Exmouth (Western Australia), as well as the Local Government Areas of Meekatharra and Wiluna which have boundaries that intersect with the Tropic of Capricorn. Territorial seas up to twelve nautical miles offshore adjacent to these areas are also included in the definition.Projects do not need to be entirely within these boundaries if they produce significant benefits to Northern Australia. For example, a Project that enhances north-south connectivity may be eligible.