Hi vintage
There you go again not posting all relevant information.
It would indeed appear if you read the below Assessment Proces that the Board indeed are very part of Stage 2.
Very clearly stated and a little different to your opinion of "No Role".
Assessment Process
There are four stages in NAIF’s application and assessment process:
- Enquiry and Preliminary Assessment Stage
- Strategic Assessment Stage
- Due Diligence Stage
- Investment Decision and Execution Stage
Also here is the link so as to show this is not doctored.
https://naif.gov.au/project-assessment-process/assessment-process/
AUZ at the bottom, page-502
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