Senate debates

Wednesday, 18 October 2017

Bills

Regional Investment Corporation Bill 2017; In Committee

10:14 am

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

In relation to the water infrastructure facility, obviously, the projects that were approved under the last round are a matter of public knowledge, so you'd be well aware of those. In relation to the loan facilities and products, they are currently in discussion with the states. But, obviously, because the corporation has not yet been established, there have been no decisions in relation to that. I do know, though, from discussions with the states in relation to the transition between the existing situation and the new operation of the RIC, should it be passed, that there are already very detailed discussions in place about how you can seamlessly transition across so that the farmer—or anybody who is in need of the products currently available under the existing situation would be made available under the RIC—aren't inconvenienced in any way.

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