Regional Investment Corporation Outcome 1
Encourage growth, investment and resilience in Australian farm businesses and rural and regional communities by delivering the Commonwealth's farm business concessional loans
| # | Program | Body | Contribution |
|---|---|---|---|
| 1.1 | Regional Investment Corporation Program 1.1 | Regional Investment Corporation | Objectives Provide practical support and investment to help rural and regional communities achieve economic growth, agricultural productivity, and resilience through the delivery of farm business loans, farm-related small business loans and plantation development loansRIC's farm business loans and farm related small business loans provide low-cost finance to businesses that are in financial need of assistance, to recover from short-term hardship, but are assessed as financially viable over the long-term and able to repay the loan. RIC also provides plantation development concessional loans to support new plantation developments and the replanting of bushfire-damaged plantations |
| # | Program | Body | Contribution |
|---|---|---|---|
| 1.3 | Department of Agriculture, Fisheries and Forestry Program 1.3 | Department of Agriculture, Fisheries and Forestry | RIC works together with DAFF to ensure more sustainable, productive, internationally competitive and profitable Australian agricultural and forestry industries. |
| 1.11 | Department of Agriculture, Fisheries and Forestry Program 1.11 | Department of Agriculture, Fisheries and Forestry | RIC works together with DAFF to ensure more sustainable, productive, internationally competitive and profitable Australian agricultural and forestry industries. |
| Appropriation | Appropriation subtype | 2023-24 | 2022-23 | |
|---|---|---|---|---|
| Budget Estimate | Estimated Actual | Budget Estimate | ||
| Special Accounts | 0.00 | 0.00 | 0.00 | |
| Administered | Non-operating | 0.00 | 0.00 | 0.00 |
| Administered | Operating | 0.00 | 0.00 | 0.00 |
| Administered | Special Appropriation | 0.00 | 0.00 | 0.00 |
| Administered | Special Purpose Payments | 0.00 | 0.00 | 0.00 |
| Administered | Assets and Liabilities | 0.00 | 0.00 | 0.00 |
| Administered | Subtotal | 0.00 | 0.00 | 0.00 |
| Departmental | External Revenue | 0.00 | 0.00 | 0.00 |
| Departmental | Non-operating | 0.00 | 0.00 | 0.00 |
| Departmental | Operating | 22,063,000.00 | 22,965,000.00 | 22,057,000.00 |
| Departmental | Special Appropriation | 0.00 | 0.00 | 0.00 |
| Departmental | Equity Injections | 0.00 | 0.00 | 0.00 |
| Departmental | Subtotal | 22,063,000.00 | 22,965,000.00 | 22,057,000.00 |
| Total | 22,063,000.00 | 22,965,000.00 | 22,057,000.00 | |