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Wednesday, 18 October 2017
Page: 7813

Senator RUSTON (South AustraliaAssistant Minister for Agriculture and Water Resources) (09:58): Currently we are required to work with the states. Under current arrangements, for any new class of loan that is required to be rolled out, a formal process of consultation with the states is required to occur. One of the underlying reasons for the establishment of this particular organisation and the purposing of it to roll out these loans and any new loans is so that we can have a more streamlined, effective and efficient way of getting the loans. Into the future, it would be through discussions between the ministers and the board, because the ministers are required to consult with the RIC board before any direction is given on, in this instance, a new class of loan. However, in the future, once that direction has been given, following that consultation with the board, the capacity to roll out those loans will not require a formal mechanism. However, obviously, we will continue to consult with the states about the delivery of any assistance to their jurisdictions.