Seeking investment?

We welcome compelling investment proposals that meet our requirements. Use our online form to share your proposal.

Under section 69 of the National Reconstruction Fund Corporation Act 2023(Opens in a new tab/window) (the NRFC Act), we can only invest in proposals that are “solely or mainly Australian-based”. The NRFC Board will determine, case-by-case, whether a proposed investment meets this requirement, considering relevant facts known to the NRFC Board at that time. The Board will consider:

  • where the relevant project will be primarily located
  • where the relevant project will be primarily used or exploited
  • where the activity being funded by the investment will be primarily undertaken
  • where the expenditure for the project will be primarily incurred
  • where the intellectual property related to the project will be primarily located
  • where the project’s management will be primarily located
  • where the project’s operational activities will be primarily located
  • whether (and to what extent) any benefits will flow to Australia in a manner consistent with the object of the NRFC Act and functions of the NRFC set out in the NRFC Act
  • the nature of the investment recipient’s nexus (or proposed nexus) with Australia, including without limitation, the current or future location of its assets, employees, costs and/or revenues and whether it is (or plans to be) registered with the Australian Taxation Office (ATO) with an Australian Business Number (ABN)
  • any other matters the Board deems appropriate in the circumstances.


For the purposes of these guidelines, a reference to “Australia” and “Australian” includes the external territories (NRFC Act, section 8 (Extension to external Territories)) and “Australian waters”.

The external territories of Australia are:

  • The Australian Antarctic Territory
  • The Coral Sea Islands Territory
  • The Territory of Ashmore and Cartier Islands
  • The Territory of Christmas Island
  • The Territory of Cocos (Keeling) Islands
  • The Territory of Heard Island and McDonald Islands
  • The Territory of Norfolk Island.

“Australian waters” includes: