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  • Media Release

New powers to strengthen Australia’s role as critical minerals supplier of choice

Tania Constable, Chief Executive Officer

30 March 2026

The introduction of the Export Finance and Insurance Corporation Amendment (Strategic Reserve) Bill 2026 in Federal Parliament today will support supply security between Australia and its strategic partners through Export Finance Australia (EFA).

Under these provisions, the remit of the EFA will be expanded to:

  • facilitate investment and supply into and out of Australia including critical minerals and materials
  • facilitate petroleum and oil imports/exports including through purchase and sales agreements
  • Derisk and risk share with strategic partner governments and non-government foreign entities, including through offtake agreements and stockpiles.

Importantly, it should enable the critical supply chains between Australia and its partners to grow and mature into long term commercial partnership that together deliver stronger commercial supply chains to help make the Australian minerals industry the global supplier of choice.