SA Interest Rate Review Powers for Rural Industry Adjustment Loans

Rural Industry Adjustment and Development (Loan Interest) Amendment Bill 2026

Opposition Bill

2 Sep 2026: MPs in the first house are debating whether this bill is a good idea in principle.

Legislative Council

House of Assembly

Assent

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Topics

agriculture farm loans interest rates rural development

Introduced by: Nicola Centofanti MLC (LIB)

Links to official parliament websites

Official page: progress through parliament

Official page: bill text and explanatory notes

Effects of this bill

If this bill passes, it means that:

The Primary Industries Minister must review the interest rates on loans made under the Rural Industry Adjustment and Development Act 1985.
This review applies to loans that are currently interest-free; it also applies to loans with rates lower than commercial rates.
The Primary Industries Minister can decide to increase the interest rate on these loans.
The new rate may be increased to a commercial rate.

The Debate

What different members said when this bill was debated:

Nicola Centofanti LIB

“I move: That this bill be now read a second time. This is a short and targeted bill, but it has the potential to provide an important additional tool for South Australian primary producers facing significant structural challenges.”

Official source →