The Albanese government remains tight lipped on the target rate of return for its $15 billion National Reconstruction Fund, despite an interim figure surfacing ahead of the introduction of the flagship investment fund.
Treasury officials last week revealed the rate of return for the National Reconstruction Fund (NRF) as the “bond rate plus two per cent”, below that of the benchmark set for the Clean Energy Finance Corporation (CEFC), which the fund is modelled on.
The CEFC has a benchmark rate of return of the bond rate plus three to four per cent for investments through its special account, with the benchmark rate for its Clean Energy Innovation Fund and Advancing Hydrogen Fund set slightly lower at one per cent.
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