Anne Ruston (SA, Liberal Party, Assistant Minister for Agriculture and Water Resources) Share this | Hansard source

Thank you, Senator Brown. I did go to this point to some degree yesterday when I was explaining that this entity is required to comply. With its governance and regulation arrangements in relation to the PGPA, it is required to meet those regulations. But, in relation to its lending capacity and the regulations around lending, because we're lending to the states, we obviously have to meet all the regulations that would be expected of loans, particularly things like debt mediation et cetera. They would have to comply with the regulations of the respective states in which the loans are occurring, as well. There is a series of statutory requirements and regulations that exist as they would exist with any other statutory organisation of a similar type. But, equally, the actions in terms of loans for drought and debt financing would be subject to the regulations as they exist in the states.