The Regional Investment Corporation (RIC) opened for business on 1 July 2018.
The Australian Government established the RIC to deliver up to $2 billion in Commonwealth farm business concessional loans and the $2 billion National Water Infrastructure Loan Facility. The RIC is a corporate Commonwealth entity. Its enabling legislation is available on the Federal Register of Legislation website. It has an independent Board whose role is to ensure the proper, efficient and effective performance of the RIC’s functions.
More information on the RIC and its new loan products is available on the Regional Investment Corporation website.