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Monday, 26 November 2018
Page: 11564

Regional Investment Corporation

(Question No. 1125)


Mr Fitzgibbon asked the Minister for Agriculture and Water Resources, in writing, on 13 September 2018:

1. How many types of concessional loans are currently available via the Regional Investment Corporation (RIC)?

2. How many loan applications have been received by the RIC?

3. How many loans have been granted by the RIC?

4. How many water infrastructure loan applications have been received by the RIC?

5. What is the breakdown, by state and territory, of applications for water infrastructure loans?

6. How many water infrastructure loans have been granted by the RIC?


Mr Littleproud: The answer to the honourable member's question is as follows:

1. The Regional Investment Corporation Operating Mandate Direction 2018 provides authority to deliver;

Farm investment loans - to support the long-term strength, resilience and profitability of Australian farm businesses by helping them to build and maintain diversity in the markets they supply, and take advantage of new and emerging opportunities across Australia and overseas.

Drought loans - assist farm businesses to prepare for, manage through and recover from periods of drought.

2. As at 15 October 2018, 40 complete applications have been accepted by the RIC.

A further 49 applications have been received but require further information from the applicant before they are suitable for assessment.

3. Four loan applicants have had their loan application assessment completed.

4. As at 15 October 2018 no water infrastructure loan applications have been received by the RIC.

5. Not applicable

6. Not applicable