First $5bn flows to NRF as the corporation is formalised


The entity responsible for overseeing the Albanese government’s signature $15 billion National Reconstruction Fund has been formally established, almost six months after the legislation passed through Parliament.

The National Reconstruction Fund (NRF) Corporation came into being on Monday – the same day that the eight-member board of directors established to make investment decisions held its first meeting.

Governor-General David Hurley signed off on a proclamation declaring the beginning of the …

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