The government has been ordered to hand over documents about how its $15 billion industry fund is tracking the impact of its investments after concerns about a lack of strategy and governance around the landmark deals.
The Senate on Tuesday agreed to an opposition motion to force the government to produce the National Reconstruction Fund Corporation’s (NRFC) impact framework as well as department briefings to ministers about a June audit that exposed the governance gaps.
It’s a signal the Coalition will continue to pursue the landmark fund, which it voted against and vowed to dismantle during the election.
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