NHFIC is governed by an independent Board responsible for determining strategy, defining risk appetite, making financing decisions and monitoring performance.
The Board currently comprises seven independent non-executive members:
|Member||Term||Start Date||End Date|
Ms Carol Austin
|5 years||5 June 2023||4 June 2028|
Ms Teresa Dyson (acting Chair)
1 April 2023
26 July 2018
30 June 2023
25 July 2023
Mr Tony De Domenico OAM
|5 years||10 April 2019||9 April 2024|
Mr Kelvin Ryan
|5 years||19 July 2021||18 July 2026|
Ms Jane Hewitt
|3 years||26 July 2021||25 July 2024|
Hon Richard Wynne
|5 years||1 June 2023||31 May 2028|
Mr Nigel Ray
|5 years||1 June 2023||31 May 2028|
NHFIC's Board is responsible for:
- Providing input to and approving NHFIC’s strategic direction, objectives, goals and budgets as developed by management in a manner which is at all times consistent with NHFIC’s functions under the NHFIC Act and the Investment Mandate.
- Directing, monitoring and assessing NHFIC’s performance against strategic and business plans, approving and monitoring expenditure and reviewing and approving NHFIC's major policies.
- Identifying NHFIC's principal business risks, ensuring NHFIC has in place an appropriate risk management framework and establishing the acceptable levels of risk within which the Board expects the management of NHFIC to operate
- Reviewing and approving NHFIC's systems of internal compliance and control, audit, risk management and legal compliance, to determine the integrity and effectiveness of those systems
- Approving and monitoring material (internal and external) financial and other reporting and monitoring NHFIC's operational and financial position and performance.
- Ensuring that NHFIC's capital and reserves are sufficient to meet the likely liabilities of NHFIC and making adequate provision for default in the repayment of principal, or in the payment of interest or other charges, in connection with loans made by NHFIC.
- Ensuring ethical behaviour and compliance with NHFIC’s own governing documents, including NHFIC’s Code of Conduct and corporate governance standards.
Full details of the Board's responsibilities are set out in the Board Charter.
|Member||Term of appointment|
Teresa Dyson | Acting Chair
Teresa is an experienced company director and chair following over 20 years practising as a senior taxation lawyer advising on infrastructure transactions, financing, corporate tax, mergers and acquisitions, the not-for-profit sector, and tax controversy matters.
Teresa is currently a director on the boards of Genex Power Ltd, Seven West Media Ltd, Shine Justice Ltd, FARE, Energy Queensland Ltd, Gold Coast Hospital and Health Board and Brighter Super. Teresa is also a member of the Takeovers Panel and the Foreign Investment Review Board.
Teresa has formerly served as the Chair of the Law Council of Australia, Business Law Section and has also been a Partner at Deloitte and Ashurst (formerly Blake Dawson). She is a former Chair and member of the Board of Taxation. Teresa holds a Bachelor of Arts, Bachelor of Laws (Hons) and Master of Taxation from the University of Queensland, a Master of Applied Finance from Macquarie University, and is a Graduate of the Australian Institute of Company Directors. Teresa has been admitted as a solicitor in New South Wales, Victoria, Queensland and to the High Court of Australia.
1/04/2023 - 30/04/2023
26/07/2018 - 25/07/2023 (Member)
Tony De Domenico OAM | Member
Tony has over 40 years of experience across government, corporate, community and education sectors both domestically and internationally.
Tony is currently the Chair of Abalone Victoria (Central Zone), Chair of Plastic Oceans Australasia, Director of Common Equity Housing Ltd and Life Member of the Italian Chamber of Commerce. He is also Chairman of Bertocchi Food Group Advisory Board, a Life Member of the Urban Development Institute of Australia, and a Corporate Life Governor of The Royal Life Saving Society (ACT).
Tony was previously the Executive Director of the Urban Development Institute of Australia, Chair of Places Victoria, Deputy Chair of Development Victoria and has served on the Council of La Trobe University including a term as Deputy Chancellor. He was Chair of the Australian Housing and Urban Research Institute (AHURI) from 2014-18.
Tony has extensive diplomacy experience, serving as a trade and investment diplomat based in Milan, and from 1992-97 he was elected to the ACT Legislative Assembly where he was appointed Deputy Chief Minister, Minister for Urban Services, and Minister for Economic Development and Regulatory Reform. Tony was awarded a Medal in The Order of Australia at the Queen’s Birthday Honours List in 2018 for his contribution to urban planning, research and development in Victoria.
10/04/2019 - 09/04/2024
Kelvin Ryan | Member
Kelvin was appointed to the NHFIC Board in July 2021 after performing senior roles in the construction industry since 1998. Initially he worked as a supplier with Boral Ltd and from 2003 onwards as the CEO of two of the largest residential building companies in Australia - BGC Residential and Simonds Group Limited.
Prior to moving into the construction industry, Kelvin held senior executive positions in the mining and manufacturing sector at Downer Ltd, Fletcher Challenge NZ, Aditya Birla Canada and WMC Resources.
Kelvin has a wealth of experience in delivering affordable housing solutions and associated financing options having presided over the financing and construction of tens of thousands of new homes and numerous residential construction projects. He holds a Bachelor of Education from the Western Australian College of Advanced Education and a Master of Science degree from Griffith University.
19/07/2021 - 18/07/2026
Jane Hewitt | Member
Jane Hewitt was appointed a Non-Executive Director of Mirvac in December 2018. Jane has over 27 years’ experience in real estate development and asset management. She founded UniLodge in 1996 and pioneered the corporatisation and professional development and management of student accommodation facilities on and off University campuses in Australia and New Zealand.
26/07/2021 - 25/07/2024