Documents relating to the Fuel and Fertiliser Security Facility (FFSF)

Written by Claude Haiku 5.5 from the extracted text on 16 Oct 2026. It can miss or misread redacted and scanned pages. Check the source before relying on it.

The release comprises four pages of a briefing note (reference QB26-000089) on urea and other fertilisers, with several passages withheld under section 22(1)(a)(ii). It describes the Government's $7.5 billion Fuel and Fertiliser Security Facility, which the note says helped secure 340,000 tonnes across 10 shipments, including two shipments under a 250,000 tonne urea agreement between Indonesia's PT Pupuk and Incitec Pivot. Eligible importers were chosen on track record, biosecurity compliance and capacity to import quickly, though not all discussions led to the Facility underwriting transactions. The note says the Facility was funded through the National Interest Account and Export Finance Australia's new Strategic Reserve function, with EFA assessing transactions and the Department of Industry, Science and Resources and DAFF advising on policy alignment. It acknowledges that the contract-for-difference mechanism does not guarantee profit or remove all commercial risk. New transactions have been paused as supply risks eased. The note declines to comment on media reports of a potential class action.