Infrastructure Australia functions
The role of Infrastructure Australia is to advise governments, investors and owners of infrastructure concerning:
- nationally significant infrastructure priorities;
- policy and regulatory reforms desirable to improve the efficient utilisation of national infrastructure networks;
- options to address impediments to the development and provision of efficient national infrastructure;
- the needs of users; and
- possible financing mechanisms.
Infrastructure Australia will conduct regular audits to determine the adequacy, capacity and condition of nationally significant infrastructure, taking into account forecast growth and the adequacy of the infrastructure to meet that growth. From analysis of this information, it will develop a national infrastructure priority list for the Council of Australian Governments (COAG) to consider.
Nationally significant infrastructure investment will be monitored and reported to COAG. Other functions will include:
- evaluating the business case for new infrastructure, when commissioned to do so;
- reviewing and providing advice on measures that would improve harmonisation of policy and regulatory regimes that facilitate infrastructure development and investment; and
- identifying barriers, or disincentives, to invest in nationally significant infrastructure.
Infrastructure Australia will also be asked to review the extent to which the governments can facilitate infrastructure investment, including improving guidelines for public-private-partnerships, project appraisal techniques and planning and approval processes.
Click here for a more comprehensive list of Infrastructure Australia's functions.