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Wednesday, 18 October 2017
Page: 7823

Senator RUSTON (South AustraliaAssistant Minister for Agriculture and Water Resources) (10:42): Senator Rice, can I say right now that there is no parliamentary oversight of the guidelines for loans under the current arrangements. What we're proposing here is a greater level of transparency and notification in relation to those guidelines. Obviously, the agriculture and finance ministers are required to agree to those guidelines.

I also have a point of clarification on a previous question—I am not sure if it came from you or Senator Brown. Existing loans require a hardship element, and the board will be required to comply with that existing requirement.