On this page
Overview
The review of the Regional Investment Corporation (RIC) Act has been completed. Submissions and the review report are available to download. The Australian Government has responded to the review.
The RIC provides concessional loans on behalf of the Australian Government to farmers and drought-affected small businesses.
The Act required the review to consider:
the scope of the RIC’s activities after 30 June 2026; and
the appropriate governance arrangements for the RIC after that date.
To assist with the review, the independent reviewer, Dr Wendy Craik AM, asked for feedback. This feedback helped to inform the review and its outcomes.
The Australian Government has responded to the review’s 32 recommendations and 6 findings. View the government response on the department’s website.
How you had your say
The review received 24 submissions on the discussion paper.
Submissions for which we have received permission to make public can be downloaded from the submissions library on the right-hand side of this page.
The submissions published were provided by organisations or individuals outside of the department. Some are in PDF format, which may affect their accessibility. If you need assistance accessing the content in these documents, please contact us.
The review also received 502 responses to its online survey, from farm businesses and primary-production related small businesses.
What happened next
The Review report was provided to the Minister for Agriculture, Fisheries and Forestry on 1 July 2024, and published online on 31 July 2024. The Australian Government considered the review and responded to it.
The review report and government response can be downloaded from the department’s website.