Latest News
• Add My News • Search Old News
Have your say on Regional Investment Corporation by 22 December 2023David Littleproud urges farmers to review the Regional Investment Corporation's impact, fearing closure by the current government despite its vital role in providing over $3 billion in concessional loans aiding agriculture during droughts. By news@gippsland - 22nd November 2023 - Back to News Leader of The Nationals and Shadow Agriculture Minister David Littleproud is urging farmers and agribusiness owners to have their say on the success of the Regional Investment Corporation (RIC). From today, business owners have one month to submit their views in a public consultation process of the RIC 2018 Act. Mr Littleproud said he feared the Albanese government was looking to close the RIC down in their cost cutting, despite its important role for farmers. 
Your feedback will assist with informing the review and help to determine the future activities and governance arrangements of the RIC, feedback submission closes on 22 December 2023 Farming loan supportThe RIC Act allowed farming loans to be given to those in financial need, with more than $3.26 billion in concessional loans handed to more than 3000 farms and small businesses. During the last drought, farmers could access a $2 million loan to refinance their bank debt, with a two-year interest free period, then a three-year interest only, then five years principal and interest at a concessional rate. "The RIC Act introduced by the former Coalition government has seen many benefits, including the drought loan. 55 percent of respondents in an RIC survey said they may not have been or could not have been still in business without the support of that loan product. "The RIC's mandate set its interest rate just to cover administration and borrowing costs. It delivered immediate support for everything from buying fodder to transporting stock and raising cattle, through to paying staff and managing cash flow," Mr Littleproud said. Drought relief loansAn AgBiz Drought loan assisted small businesses that directly provided primary production related goods and services to farm businesses in drought-affected communities to access a loan of up to $500,000 for two-year interest free. "These loans meant farmers and small business owners could do what they needed, when they needed. It gave money into the pockets of farmers and graziers who were struggling to keep their operations running, as the crippling effect of the drought continued to bite." "The loans allowed them to make it through the tough times and remain in operation today. There was unprecedented demand for the drought loan, with an additional $2 billion in loan funding given to the RIC, taking the total loan funding to $4.075 billion," Mr Littleproud said. Send your feedbackMr Littleproud added he was proud to have helped many farmers and farming businesses during the drought. "Another loan was AgriStarter, used for succession planning and new entrants in agriculture. AgriStarter has loaned over $70 million, assisting more than 80 people secure their first farm business, which is becoming increasingly hard due to the price of land." The review will consider the scope of the RIC's activities after 30 June, 2026, and it is important to hear how concessional loans support agriculture and rural communities, particularly during drought. The report will be delivered to Agriculture Minister Murray Watt on or before 1 July, 2024. For more information go to Department of Agriculture, Fisheries and Forestry website. Pictures from Agriculture Victoria Facebook page.
Source: http://gippsland.com/ Published by: news@gippsland.com
Related Articles- Have Your Say on Wonthaggi structure plan review aiming to guide growth, community needs and opportunities
Bass Coast Shire Council is reviewing the Wonthaggi Structure Plan. Have your say on the town's growth, housing, jobs, heritage, and future opportunities to help shape Wonthaggi as Bass Coast regional hub. - Have your say on the draft Roadside and Footpath Trading Policy balance road access, submit by 28 September 2025
Baw Baw Shire Council invites feedback on its Draft Roadside and Footpath Trading Policy, aiming to balance vibrant business activity with safe pedestrian access. Consultation runs 29 August - 28 September on Baw Baw Connect. - Wellington Shire Gippsland Regional Livestock Exchange surges ahead, handling one in 43 Victorian Cattle Sales in 2024
Gippsland Regional Livestock Exchange recorded a remarkable 122% increase in cattle throughput last financial year, making it the highest percentage increase of any saleyard in Australia. - Allan Labor government backs regional footy and netball with $1.5M from 2025-26 Country Football and Netball Program
The Allan Labor government is investing $1.5 million in Morwell sports clubs through the Country Football and Netball Program, while opening new grants to upgrade regional facilities and boost community participation. - Latrobe City launches investment campaign showcasing strength, innovation, and opportunities across Gippsland
Latrobe City Council launched an investment campaign showcasing business strength, innovation, and opportunities positioning itself as Gippsland's hub for growth, transformation, and future industries. - Labor provides rebates and programs to help regional households switch from costly gas to cheaper electric appliances
The Allan Labor government is supporting 1,183 regional households impacted by Solstice's gas network closure with rebates, discounts, and programs to help them transition to cheaper, energy-efficient electric appliances. - David Littleproud urges Labor to deliver interest-free loans as farmers voice urgent drought forum concerns
Nationals leader David Littleproud says the Drought Forum reinforced urgent calls for interest-free farm loans, urging Labor to act swiftly as farmers face worsening hardship, particularly in South Australia's dairy industry. - Martin Cameron says new emergency services tax replaces fire levy, adding enormous pressure to struggling small businesses
Latrobe Valley small businesses face soaring costs as Labor's new Emergency Services Tax replaces the Fire Services Levy, with Nationals warning it punishes regional communities and fuels insolvencies amid financial mismanagement. - Labor government backs Moe's Ted Summerton Reserve upgrades with major investment in cricket, football and community facilities
Works have begun on Moe's Ted Summerton Reserve, delivering oval upgrades, lighting, new changerooms, and improvements through the Regional Sports Infrastructure Program, boosting community sport, events, jobs, and local participation. - Danny O'Brien says reduced bonus helps some, but bungled energy policies and digital-only access hurt households
The state's Power Saving Bonus has been cut from $250 to $100 and is now limited to concession card holders, leaving many Gippsland households without relief despite rising energy costs. - David Littleproud slams Labor's 2035 emissions reduction target as costly, and damaging to families, jobs, and communities
Nationals leader David Littleproud criticised Labor's 2035 emissions target as reckless and costly, warning it would raise taxes, increase energy bills, hurt regional communities, and threaten jobs, families, and industries. - David Littleproud warns vegetable growers of crisis as compliance costs soar, confidence collapses and exits loom
Nationals leader David Littleproud warns Australia's food security is at risk, with two in five growers considering leaving amid rising compliance costs, financial strain, and Labor policies undermining farming viability. - Lightfoot Wines combines tradition, creativity, and Gippsland flavours with award-winning wines, regional platters, and scenic views
Perched on a limestone bluff above the Mitchell River, Lightfoot Wines blends tradition and innovation, offering tastings, regional platters, and acclaimed wines, cementing its role in Gippsland's food and drink scene. - Melina Bath urges Labor government to scrap emergency services tax as VFF survey shows farmers' frustration and concern
The Nationals' Melina Bath urged the Allan Labor government to scrap the emergency services tax, citing VFF survey findings showing widespread financial, mental, and regulatory pressures on Victorian farmers. - Darren Chester urges abandoning flawed legislation restricting medal reviews to actions within 20 years
The Albanese government's proposed legislation limits medal appeals to 20 years, stripping veterans and families of rights. Darren Chester says the changes undermine the Defence Honours Tribunal's independence and disenfranchise ADF members. - Tim Bull urges state government to fund Surf Life Saving, preventing East Gippsland ratepayers covering government shortfalls
Gippsland East MP Tim Bull urges state government to fund Surf Life Saving Victoria, warning councils face doubled contributions while new Emergency Services levy strains East Gippsland and Wellington budgets. - Danny O'Brien urges Labor government to fund new Port Welshpool Coast Guard vessel for community safety
Danny O'Brien urges the Allan Labor government to urgently fund a new $2 million vessel for Port Welshpool Coastguard, ensuring volunteers can safely cover Corner Inlet, Wilsons Promontory, and protect locals. - Bass Coast Shire Council urges Victorian government, LSV to ensure lifeguard patrols continue safely, without cuts
Bass Coast Shire Council urges Victorian government and LSV to guarantee lifeguard patrols, warning proposed funding hike strains budgets while beaches remain high-risk, with recent drownings highlighting urgent safety needs. - Tim Bull urges Gippsland East households to apply for $100 Power Saving Bonus amid rising costs
Gippsland East MP Tim Bull urges locals to apply for the $100 Power Saving Bonus, helping households manage rising costs. Eligible residents can seek assistance at his Bairnsdale office. - Melina Bath urges communities to honour veterans' families and support Legacy Week fundraising efforts
Melina Bath urges communities to support Legacy Week, honouring veterans' families. Funds raised provide financial, educational and emotional support, continuing Sir Stanley Savige's century-old vision of care, compassion and mateship. - Danny O'Brien urges Gippsland Sporting Clubs to register for Get Active Kids Voucher Program reopening on October
Danny O'Brien urges Gippsland sporting clubs to register for the Get Active Kids Voucher Program, supporting families with up to $200 per child for sports fees, uniforms, and equipment. - Melina Bath urges action on Gippsland youth crime with tougher penalties, stronger policing, and restored diversion funding
Melina Bath has demanded urgent action on Gippsland's escalating youth crime, calling for tougher penalties, stronger police presence, and restored diversion program funding to protect communities and restore safety. - Melina Bath urges parents, carers, and educators to provide submissions to improve child safety by 30 November 2025
Victoria's Child Safety Inquiry calls for public submissions to investigate early childhood education failures, restore family confidence, and recommend reforms ensuring children receive safe, high-quality care and protection. - Southern Rural Water urges water users to monitor, manage, and comply as Spring forecast warns above-average rainfall
The Bureau predicts above-average spring rainfall and warmer temperatures across eastern Australia. Southern Rural Water urges monitoring usage, maintaining bores, and following regulations to ensure fair, efficient water management. - Peri Urban Councils urge state government to invest in infrastructure and support housing growth across regions
Peri Urban Councils Victoria is urging government investment in infrastructure after a new report recommended 40% of new homes be built in regional Australia, highlighting housing demand, high costs, and infrastructure pressures. - Darren Chester applauds Metung Primary Footy Colours Day, showcasing student enthusiasm and schools' vital role in regional life
Darren Chester joined Tim Bull at Metung Primary Footy Colours Day, praising student enthusiasm, community spirit, and schools' vital role in fostering connections, participation, and regional community life through fun events - Eat Drink Play Gippsland celebrates local flavours, award-winning cheeses, and culinary creations from passionate regional makers
Eat Drink Play Gippsland showcases top restaurants, award-winning cheeses, and artisanal delights. From snacks to gourmet dishes, the festival celebrates local flavours and passionate makers, offering something delicious for every palate. - East Gippsland Shire backs $15M Bairnsdale Airport upgrade to boost emergency response and healthcare services regionally
East Gippsland Shire Council has backed a $15 million Bairnsdale Airport upgrade, extending the runway to boost emergency response, healthcare services, and regional aviation, supported by government funding and health agencies. - Bass Coast Council launches mid-term review of Climate Change Action Plan, celebrating achievements and inviting community input
Bass Coast Shire Council is reviewing its Climate Change Action Plan 2020-2030, celebrating renewable energy achievements and inviting community feedback through surveys, pop-up sessions, engagement events, and a special film screening. - Albanese government limits tribunal powers, undermining veterans' rights and restricting reviews of military honours
The Albanese government has limited the Defence Honours Tribunal, banning reviews of actions over 20 years old, restricting veterans' appeals, and undermining independent recognition of historic military bravery. - Darren Chester slams Albanese government veterans medal review limit, undermining Tribunal independence
Shadow Minister Darren Chester has condemned Labor's legislation imposing a 20-year limit on veterans' medal reviews, arguing it undermines the Tribunal's independence and disenfranchises veterans and families seeking fair recognition. - Labor government slammed as Gippsland crime soars, Danny O'Brien warns communities are failed by weak laws
Danny O'Brien says Gippsland crime is surging under Labor, with major increases across all councils. He warns weakened laws, police shortages, and neglect leave communities unsafe, demanding stronger action and real consequences. - Baw Baw Shire to host community barbecues supporting farmers through 'Look Over the Farm Gate' grants
Baw Baw Shire Council will host five community barbecues supporting farmers' wellbeing through Look Over the Farm Gate grants, offering connection, resources, and mental health support amid ongoing dry conditions. - Melina Bath slams Agriculture Minister Ros Spence for ignoring Gippsland farmers' struggles under Labor's tax regime
Melina Bath criticised Agriculture Minister Ros Spence for refusing to advocate for Gippsland farmers, citing VFF survey results showing overwhelming concern over new taxes and Labor's disregard for regional agriculture. - Labor government's VicGrid laws pass with crossbench backing amid Nationals' warning of property rights erosion
The Allan government's VicGrid laws passed with crossbench support, sparking Nationals' criticism over lost property rights, silenced regional voices, and overreach. The Nationals vow repeal in 2026 to restore landholder protections. - Cowes Foreshore Precinct Project begins, for safer, more accessible visitor experience from $9.6M shared investment
Work has begun on the $9.6 million Cowes Foreshore Precinct Project, delivering staged upgrades to create a safer, more accessible, pedestrian-friendly destination while supporting businesses and preserving Cowes' vibrant visitor appeal.
|
|
