Question Time Briefs Provided To The Minister For Finance

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This Question Time Brief to the Minister for Finance outlines the National Reconstruction Fund Corporation's (NRFC) progress since its September 2023 launch. As of 30 June 2025, the NRFC had committed $434.5 million across nine investments from its $15 billion fund, including major commitments to Arafura Rare Earths ($200 million), Resource Capital Funds ($100 million), and smaller equity investments in advanced manufacturing, quantum computing, and medical technology companies. The brief confirms the NRFC received a Statement of Expectations from Ministers Gallagher and Ayres on 23 July 2025, directing focus toward Future Made in Australia, advanced computing including AI, clean energy manufacturing, and nation-building projects. The NRFC must respond with a Statement of Intent within three months. Financing allocations across seven priority areas total $15 billion, with renewable