Export Market Development Grants (Information and Document Requirements) Instrument 2018 (Cth)

Export Market Development Grants (Information and Document Requirements) Instrument 2018

I, Dr Stephanie Fahey, Chief Executive Officer, Australian Trade and Investment Commission, make the following instrument.

Dated   20 February 2018

Stephanie Fahey

Chief Executive Officer

Contents

1............ Name............................................................................................................................. 1

2............ Commencement............................................................................................................. 1

3............ Authority....................................................................................................................... 1

4............ Schedules...................................................................................................................... 1

5............ Definitions..................................................................................................................... 1

6............ Information and documents to accompany an application—grants option B................. 2

7............ Savings—old law.......................................................................................................... 2

Schedule 1—Repeals  3

Export Market Development Grants (Information and Document Requirements) Determination 2008      3

1  Name

This instrument is the Export Market Development Grants (Information and Document Requirements) Instrument 2018.

2  Commencement

(1)  Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

Commencement information
Column 1	Column 2	Column 3
Provisions	Commencement	Date/Details
1.  The whole of this instrument	1 July 2018.	1 July 2018

Note:          This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.

(2)  Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.

3  Authority

This instrument is made under section 73A of the Export Market Development Grants Act 1997.

4  Schedules

Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.

5  Definitions

Note:          A number of expressions used in this instrument are defined in the Act, including the following:

(a)    grant;

(b)    grant year.

In this instrument:

Act means the Export Market Development Grants Act 1997.

registered company auditor has the same meaning as in the Corporations Act 2001.

6  Information and documents to accompany an application—grants option B

(1)  For the purposes of paragraphs 70(2C)(f) and (g) of the Act, the following information and documents are specified in relation to an application for a grant in respect of a grant year:

(a)  the applicant’s business plan, including the applicant’s international marketing strategy;

(b)  the applicant’s audited statement of income for the grant year, including:

(i)  the income received by the applicant from all sources (including international sources); and

(ii)  the income receivable by the applicant from all sources (including international sources);

(c)  a statement, prepared by a person who is a registered company auditor, of the applicant’s projected export earnings, based on:

(i)  the applicant’s sales and revenue budgets (including export earnings) for the financial year following the grant year; and

(ii)  any correspondence or other tangible evidence that supports the projected export earnings; and

(iii)  a comparison of the applicant’s previous sales and revenue projections with actual results in those periods;

(d)  the applicant’s audited profit and loss statement for the grant year and financial year preceding the grant year;

(e)  the applicant’s audited balance sheet for the grant year and the financial year preceding the grant year;

(f)  a statement that details the economic benefits generated, or that will be generated, from the applicant’s international business activities in 2 or more of the following areas:

(i)  employment in Australia;

(ii)  new capital investment in Australia;

(iii)  introduction of new technologies in Australia;

(iv)  new value‑added operations in Australia.

(2)  A document is audited for the purposes of paragraph (1)(b), (d) or (e) if it has been audited by a registered company auditor.

7  Savings—old law

Despite the repeal of the Export Market Development Grants (Information and Document Requirements) Determination 2008 by Schedule 1 to this instrument, that determination continues to apply in relation to an application for a grant made before 1 July 2018.

Schedule 1—Repeals

Export Market Development Grants (Information and Document Requirements) Determination 2008

1  The whole of the instrument

Repeal the instrument.