Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) For the purposes of paragraph 5(d), Infrastructure Australia has the function of assessing, and reporting on, projects covered by subsection (2).
(2) A project is covered by this subsection if:
(a) it is a project for investment in, or enhancements to, nationally significant infrastructure; and
(b) the project involves expenditure by or on behalf of the Commonwealth; and
(c) the Commonwealth Government's total expenditure involved in the project is more than $250 million; and
(d) the Commonwealth Government has committed to the project without prior evaluation (or endorsement of evaluation) of a proposal for the project by Infrastructure Australia.
(3) Infrastructure Australia must ensure that assessments under this section are conducted at least once in each financial year beginning on or after the commencement of this section and prepare a report on the assessment.
(4) Infrastructure Australia must cause a copy of the report on the assessment under subsection (3) to be tabled in each House of the Parliament within 10 sitting days after it has been finalised.
Other assessments
(5) Infrastructure Australia may conduct other assessments under this section, and prepare reports on those assessments, on its own initiative.
(6) Infrastructure Australia must cause a copy of the report on the assessment mentioned in subsection (5) to be tabled in each House of the Parliament within 10 sitting days after it has been finalised.
Conduct of assessments
(7) The regulations may prescribe matters relating to the conduct of assessments under this section.