IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 26 May 2017 | Removal date: open ended
Still in force

State loan

On 26 May 2017, the Clean Energy Finance Corporation (CEFC) of Australia announced the allocation of AUD 20 million (circa USD 14.9 million) to RateSetter to develop a peer-to-peer green lending platform. 

The project aims at bringing together investors, borrowers and clean energy product providers, allowing investors to lend directly to creditworthy borrowers that are looking to buy or install approved "green" products.

Clean Energy Finance Corporation 
The Clean Energy Finance Corporation is a government-funded financier created to fund clean energies. To achieve these goals, the Australian government has provided credits of AUD 2 billion each year from 1 July 2013.

The statutory text, the Clean Energy Finance Act 2012, states that only solely or mainly Australian-based investments are eligible for these resources.

 

Update
On 21 May 2018, the CEFC announced that the AUD 20 million credit line allocated to RateSetter would be extended for another 18 months. 

AFFECTED COUNTRIES

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AFFECTED SECTORS AND PRODUCTS

711 Financial, insurance & pension services, excl. investment banking

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