Clean Energy Finance Corporation Amendment (Grid Reliability Fund) 2020

# Clean Energy Finance Corporation Amendment (Grid Reliability Fund) Bill 2020 ## What it does This bill splits the Clean Energy Finance Corporation into two separate funds: one for clean energy projects (the existing CEFC Account) and a new one specifically for grid reliability investments (the Grid Reliability Fund Account). The changes clarify which money goes where and what each fund can be used for. ## Why it matters Grid reliability—keeping the power flowing smoothly across Australia—is increasingly important as we transition away from coal. This bill gives the government a dedicated funding stream to invest in technologies and infrastructure that stabilise the electricity network, separate from general clean energy financing. ## Key details - **Two separate accounts**: The bill creates a new "GRF Account" to manage grid reliability investments distinctly from clean energy projects - **Commencement**: The changes take effect the day after the bill receives Royal Assent (the Governor-General's approval), so they come into law immediately - **What counts as "grid reliability"**: The bill defines new terms like "grid reliability fund investment" and "grid reliability fund money" to clarify what spending fits this category, with the specifics set out in the detailed amendments section

🔒 Voting closed — this bill has been decided by parliament