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Annual Report

2016-17-Cover-thumbnailWelcome to our Annual Report for 2016-17. This report provides a summary of our corporate performance during 2016-17.

Prior to 1 July, 2017, the Queensland Rural and Industry Development Authority (QRIDA) was known as QRAA. For that reason, reports published prior to this date make reference to the QRAA name.

The Annual Report is developed in accordance with legislative reporting obligations and enables the Queensland Parliament, through the Minister for Agricultural Industry Development and Fisheries, to assess our financial and operational performance.

Highlights of 2016-17

Highlights of our performance outlined in the 2016-17 Annual Report include:

  • over $268.7 million was approved for 5,950 applications in financial assistance across all loan, grant and rebate programs. This compares with 1,220 applications and $124 million in 2015-16.
  • uptake of First Start and Sustainability loans under the Primary Industry Productivity Enhancement Scheme (PIPES) increased significantly, with 257 applications approved for $116.4 million. The value of loans is almost double the $64.5 million lent in 2015-16.
  • $6.2 million was approved for 896 applications in 2016-17 under the jointly funded Australian and Queensland Government Natural Disaster Relief and Recovery Arrangements (NDRRA) loan and grant schemes for Severe Tropical Cyclone Debbie event.
  • a total of $65.1 million in drought loans were provided to 114 individual farming enterprises in Queensland under the Australian Government concessional loans schemes.
  • established the Farm Management Grants program in March 2017 to assist farming families with rural succession approving 46 applications for a total value of over $83,000 in 2016-17.
  • processed 99.0% of applications within the standard response time for each scheme during 2016-17 (which range between 10 and 30 days).
  • secured 10 new fee-for-service arrangements, generating revenue of over $2 million.
  • established the new mandatory Farm Business Debt Mediation program from 1 July 2017.
  • opened our ninth regional office in Cloncurry servicing North West Queensland.

The organisation’s overall loan portfolio increased by over $108.6 million, taking the total value of the loan book to more than $653.2 million at 30 June 2017.

Downloading the Annual Report

You will need Adobe Reader to view and print this report. This can be downloaded free-of-charge from the Adobe website.

To view the report - click the image of the report to automatically load the document in Adobe Reader.

To save the document - right-click on your mouse, select 'Save Target As', choose your preferred location and click save.

For a hard copy of the Annual Report

If you would like to receive a copy of our most recent Annual Report please email us at contact_us@qrida.qld.gov.au This e-mail address is being protected from spambots. You need JavaScript enabled to view it or phone on Freecall 1800 623 946.


Compliance checklist

The compliance checklist outlines specific requirements for agency annual reports. To view QRAA's Annual Report compliance checklist click here.

The materials presented on this site are provided by the Queensland Government for information purposes only. Users should note that the electronic versions of the Annual Report on this site are not recognised as the official or authorised version.


Disclaimer

The materials presented on this site are provided by the Queensland Government for information purposes only. Users should note that the electronic versions of the Annual Report on this site are not recognised as the official or authorised version. The official copy of the Annual Report, as tabled in the Legislative Assembly of Queensland can be accessed from the Queensland Parliament's tabled papers website database.

Last updated
8 January 2018