Specialist direct investment vehicles (SIVs) are Commonwealth entities that invest public funds across different sectors.
These include:
- energy and climate
- critical minerals or resources
- housing
- agriculture
- export trade and international development.
Governance
SIVs have an independent board and follow directions set by the government.
They operate under a joint-minister model, where the Finance Minister and relevant portfolio ministers are involved in key decisions.
The Department of Finance advises the government on governance and commercial matters across all SIVs.
It also:
- ensures strong governance frameworks are in place
- oversees overall performance and financial risk
- advises on performance and risk
- encourages better practices and collaboration between SIVs.
Government priorities for SIVs
The government expects SIVs to:
- deliver on both policy and commercial goals, including socio-economic, policy and financial outcomes
- have strong accountability, with active oversight by the responsible ministers and the Finance Minister
- be led by skilled, independent boards that uphold high standards of openness, integrity and governance.
For more information, read Resource Management RMG-127 Guide Specialist Direct Investment Vehicles.
