Ministerial Submission - National Reconstruction Fund Corporation Statement Of Expectations.

Written by Claude Haiku 4.5 from the extracted text on 27 Feb 2026. It can miss or misread redacted and scanned pages. Check the source before relying on it.

This ministerial submission seeks ministerial approval to issue the first Statement of Expectations (SoE) to the National Reconstruction Fund Corporation (NRFC) since its 2023 establishment. The SoE, to be co-signed by the Ministers for Industry and Innovation and Finance, outlines government priorities and expectations for the NRFC's investment approach and risk appetite. The document notes a non-published Schedule will guide the NRFC's investment decisions and can be updated without reissuing the full SoE. The NRFC is required to respond within three months with a Statement of Intent detailing how it will meet ministerial expectations. Both documents are intended for public release on the NRFC's website, consistent with standard practice for specialist investment vehicles.