IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 06 Oct 2016 | Removal date: open ended
Still in force

Interest payment subsidy

On 6 October 2016, the Clean Energy Finance Corporation (CEFC) of Australia announced the launch of the Energy Efficient Equipment Finance Program aiming at providing national businesses and not-for-profits with lower cost finance to acquire energy efficiency and lower emissions vehicles, equipment and machinery.

The total budget for the program is AUD 100 million (circa USD 76 million). These resources are to provide a 0.70% discount on the Commonwealth Bank standard asset interest rate. The money will be used by Australian companies and non-profits to purchase assets that meet the CEFC's investment guidelines and that range between AUD 10,000 (USD 7,600) to AUD 5 million (USD 3.8 million).

AFFECTED COUNTRIES

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