The funding announcement could happen at any moment, page-253

NAIF Bill has passed, excerpt from the Guardian live feed:
https://www.theguardian.com/australia-news/live/2021/may/13/australia-federal-budget-2021-labor-reply-coalition-politics-live-vaccine-covid-scott-morrison-anthony-albanese

This afternoon in the Senate Labor voted with the Coalition on a precedence motion to debate changes to the Northern Australian Infrastructure Facility (Naif).

The bill is ostensibly about extending Naif’s timeline to invest to 2026; and expanding its ability to invest in projects that achieve economic and population growth by allowing it to provide financial assistance to entities other than states and territories, and to provide financial assistance in the form of equity investments.

But the Greens fear the changes will help northern Australia minister Keith Pitt to turn the fund into an investment vehicle for fossil fuels.

Labor, which has long argued the Naif is not investing enough, voted with the government on the second and third reading of the bill, which has now passed the Senate.

Here’s Labor’s Murray Watt explaining why it supported the bill:

Labor also voted down a number of Greens amendments, including one that stated “financial assistance must not be provided under this act for the development of fossil fuel-based infrastructure”; and the same, but for new fossil-fuel projects.
Greens senator Larissa Waters was highly critical of this:

It could be that Labor opposed the amendment because it would have prevented investment in gas pipelines, but the Greens believe it’s a new low because the Naif would have greater latitude to invest in coal.

In any event, the bill has now passed.