Regional Investment Corporation

​​​Media releases

The Australian Government is establishing the Regional Investment Corporation (RIC) to deliver up to $2 billion in Commonwealth farm business concessional loans and the $2 billion National Water Infrastructure Loan Facility.

The RIC will streamline the administration of farm business loan arrangements to ensure they are delivered in a nationally consistent and efficient manner.

The legislation to establish the RIC as a corporate Commonwealth entity has been introduced to parliament and was passed by the House of Representatives on 17 August 2017.

The RIC will be established in Orange, NSW.

Office accommodation—approach to market

On 17 August 2017, the Australian Government released a Request for Information (RFI) seeking to identify suitable office accommodation options for the RIC in Orange, ready from early 2018.

Expressions of interest closed on 15 September 2017.

Discussion paper on key loan settings

The RIC will deliver a new farm business concessional loans scheme that aims to support the long-term strength, resilience and profitability of eligible Australian farm businesses.

Between July and October 2017 the department engaged with stakeholders to inform the development of the RIC’s new scheme.

This phase of stakeholder engagement has now concluded.

The discussion paper provided to stakeholders to guide this consultation is available below.

Download

DocumentPagesFile size
Discussion paper on key loan settings (4 October 2017) PDF 3364 KB
Discussion paper on key loan settings (4 October 2017) DOCX 328 KB

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Market analysis stakeholder information pack

The RIC will deliver new farm business concessional loans in a nationally consistent, streamlined and timely way.

The Australian Government has engaged with stakeholders to inform the development of the service delivery model for the RIC. This information will be provided to the RIC Board when appointed for consideration.

Information provided to stakeholders prior to the facilitated market analysis sessions, including the discussion points, is included below.

If you wish to provide feedback on the service delivery model of the RIC, please contact the Department of Agriculture and Water Resources on 1800 900 090 or email RIC.

Download

DocumentPagesFile size
Market Analysis Disclaimer PDF 2128 KB
Market Analysis Disclaimer DOCX 2105 KB
Market Analysis Questions PDF 1366 KB
Market Analysis Questions DOCX 1125 KB
Proposed Governance Structure PDF 1142 KB
Proposed Governance Structure DOCX 1108 KB
Essential Services Flow PDF 1126 KB
Essential Services Flow DOCX 1117 KB

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RIC Board

The RIC will be a corporate Commonwealth entity with an independent Board consisting of a part-time Chairperson and two to four part-time Board members. The Board’s role will be to ensure the proper, efficient and effective performance of the RIC’s functions.

Expressions of interest for a part-time Chairperson and part-time Board members closed on 23 June 2017.

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