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Submitted by Richard_Li on Wed, 09/14/2022 - 21:16
Aliases
Regional Investment Corporation

Annual report prepared under section 46 of the PGPA Act.
Additional annual report requirement
Yes

Section 35 of the PGPA Act applies
Yes
Section 35(3) of the PGPA Act applies
Yes

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 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 Forestry Industry 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 Drought Programs 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.