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Wednesday, 18 October 2017
Page: 7818


Senator RUSTON (South AustraliaAssistant Minister for Agriculture and Water Resources) (10:22): Just to be very clear, a 'farm business loan' means:

… a loan made, or proposed to be made, to a farm business:

(a) engaged solely or mainly in producing commodities for constitutional trade or commerce; or

(b) for the purpose of encouraging or promoting constitutional trade or commerce; …

So it's quite clear that a farm business loan requires the entity for which the loan is being made available to be engaged solely or mainly in the production of commodities for constitutional trade or commerce. That's quite clearly the definition there. But, in regard to your point, the minister is still required to take the expert advice of the corporation in relation to the development of any new products. So there is a level of expert advice that is necessarily provided to the ministers prior to their making any decision.