Regional Investment Corporation Drought Hardship Loans Rules 2026
Summary
The Australian government has issued the Regional Investment Corporation (Drought Hardship Loans) Rules 2026. These rules establish the framework for providing drought hardship loans to eligible agricultural businesses, administered by the Department of Agriculture, Fisheries and Forestry.
What changed
The Regional Investment Corporation (Drought Hardship Loans) Rules 2026 have been established, effective March 26, 2026. These rules, authorized by the Regional Investment Corporation Act 2018 and administered by the Department of Agriculture, Fisheries and Forestry, prescribe the Drought Hardship Loans Program. They outline the process for making loans, eligibility criteria, application procedures, maximum loan amounts, and other terms and conditions, including provisions for mediation.
Agricultural businesses seeking financial assistance during drought periods must adhere to the eligibility requirements and application process detailed in these rules. Compliance officers should familiarize themselves with the loan terms, conditions, and management procedures to ensure adherence. While no specific compliance deadline is mentioned beyond the effective date, entities should be prepared to apply under these new rules once they are in force.
What to do next
- Review eligibility criteria for drought hardship loans.
- Familiarize with application procedures and loan terms.
- Prepare to implement loan management and mediation processes.
Source document (simplified)
- Interactions
Regional Investment Corporation (Drought Hardship Loans) Rules 2026
In force Administered by
- Department of Agriculture, Fisheries and Forestry
This item is authorised by the following title:
- Regional Investment Corporation Act 2018 Latest version F2026L00383 26 March 2026
View document Legislative instrument Explanatory statement Filter active Table of contents
- Part 1—Preliminary
- 1 Name
- 2 Commencement
- 3 Authority
- 4 Definitions
- Part 2—Drought Hardship Loans Program
- Division 1—Prescribing Drought Hardship Loans Program
- 5 Drought Hardship Loans Program prescribed
- 6 Constitutional basis for program
- 7 Additional operation of program
- Division 2—Making drought hardship loans
- 8 Making loans
- 9 Eligibility for loan
- 10 Application for loan
- 11 Informing applicant of outcome of applications for loan
- Division 3—Terms and conditions of loans
- 12 Maximum amount of loan
- 13 Other terms and conditions of loan
- Division 4—Loan management
- 14 Mediation
- 15 Waiver decisions
- 16 Loan foreclosure decisions
- 17 Charging of transaction costs
- Division 5—Funding of loans
- 18 Funding of loans
- 19 Corporation to pay amounts collected to Commonwealth
- Division 6—Involvement of responsible Ministers
- 20 Quarterly reporting to responsible Ministers
- 21 Directions by responsible Ministers
- Part 3—Other functions relating to program
- Division 1—Corporation functions
- 22 Preparing and publishing guidelines relating to program
- 23 Provision of information and advice
- Division 2—Board functions
- 24 Ensuring internal review of decisions about loans
- 25 Developing and applying loan management policies and procedures
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