Regional Investment Corporation
RIC
2018 – present
Corporate Commonwealth entity, based in Orange, New South Wales, that delivers the Commonwealth's concessional loans to farm businesses and farm-related small businesses, and has administered concessional loans to states and territories for water infrastructure.
How it came into existence
Established in 2018 under section 7 of the Regional Investment Corporation Act 2018 to take over the Commonwealth's farm business concessional loans, which had been managed by the Department of Agriculture and Water Resources and delivered by state and territory rural adjustment authorities, together with the National Water Infrastructure Loan Facility. It began offering loans on 1 July 2018.
- Farm business concessional loans
Loans were previously managed by the department and delivered through state and territory rural adjustment authorities.
Legislation: Regional Investment Corporation Act 2018
Changes during its life
- 1 July 2018Began accepting applications for farm business concessional loans.
Main functions
- Concessional loans to farm businesses for drought preparedness and recovery
- Farm investment and first-farmer loans
- Disaster recovery loans for farm businesses
- Loans to farm-related small businesses
- Concessional water infrastructure loans to states and territories
Where it sits
In the portfolio of Department of Agriculture, Fisheries and Forestry.
- Type of body
- Corporate Commonwealth entity
- Portfolio
- Agriculture, Fisheries and Forestry
- Accountable authority
- RIC Board – Regional Investment Corporation Act 2018 section 14 with reference to section 26 note
- ABN
- 99 528 049 038
Lineage
Loading lineage…
Sources
Primary sources
- List of Commonwealth entities and companies under the PGPA Act, 1 July 2026 (Department of Finance)
- Australian Government Organisations Register (Department of Finance, data.gov.au) (listed from 31 March 2018 to the latest release (30 June 2026))
Government records and websites
Some dates or links for this organisation are not fully confirmed. Corrections are welcome.