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National Reconstruction Fund
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This audit would assess the effectiveness of the establishment of the National Reconstruction Fund (NRF).
The Australian Government’s October 2022–23 Budget committed $15 billion to the establishment of the NRF. The NRF aims to diversify Australian industry and drive sustainable economic growth. The NRF will be an independent financier providing finance options to industry targeted at seven priority areas. The fund will be governed by a board with guidance on investment decisions provided by an investment mandate.