Date
The Department of Finance has published a new Resource Management Guide (RMG) for Specialist Investment Vehicles (SIVs), such as the Clean Energy Finance Corporation and the Northern Australia Infrastructure Facility.
The RMG represents the first step towards implementing the government’s decision to drive enhanced governance and transparency for SIVs. The RMG, which was created through extensive collaboration with SIVs and relevant departments, outlines best practices and provides guidance for enhanced oversight of the government’s SIV portfolio.
The guidance covers the following topics:
| Topic | Description | |
|---|---|---|
 | Board and corporate governance | Focuses on roles and responsibilities, conduct and accountability, performance and evaluation requirements, and provides guidance to support appointments and onboarding processes. |
 | Cooperation and collaboration | Outlines principles to facilitate collaboration between SIVs and other public sector bodies to maximise outcomes on government priorities. |
 | Planning and reporting | Outlines expectations for reporting requirements to support centralised oversight. |
 | Risk governance and management | Sets the minimum expectations for risk governance and management including establishing a risk management framework, setting risk appetite and key processes such as valuation and stress testing. |
For more information, please visit the Specialist Investment Vehicles (SIVs) (RMG 127) page.
