NSW Government Cooperative Loan Scheme

The NSW Government Cooperative Loan Scheme facilitates loans to eligible cooperatives to expand or modernise their operations within NSW.

Under the scheme, Australian-based cooperatives that have been in operation for three or more years may qualify for a loan.

The scheme aims to encourage investment in regional industries that deliver job security and economic growth in regional parts of the state.

Successful applicants are required to pay interest (on either a monthly or quarterly basis) until the loan’s maturity date, at which point the principal is repaid.

Loan recipients may be eligible for tax deductions under section 120(1)(c) of the Income Tax Assessment Act 1936. Applicants should seek independent legal or tax advice to confirm their eligibility.