Supplementary Explanatory Memorandum(Circulated by Authority of the Minister for Infrastructure and Regional Development, the Hon Warren Truss MP)
The Infrastructure Australia Amendment Bill 2013 (the Bill) strengthens the role of Infrastructure Australia, as an independent, transparent and expert advisory body through a change in its governance structure and through better clarification of its functions.
The Bill was passed by the House of Representatives on 10 December 2013 and introduced into the Senate on 11 December 2013. The Senate Selection of Bills Committee referred the Bill to the Rural and Regional Affairs and Transport Legislation Committee (Senate Committee) for inquiry and report by 17 March 2014.
While the Senate Committee recommended the Bill to be passed in its current form, the amendments to the Bill are in response to issues raised by some stakeholders through the Parliamentary inquiry and through other Government consultative processes.
Financial impact statement
There will be no impact on the Australian Government Budget flowing from these amendments to the Bill.
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