Changes to EMDG grants reduce grant amount but extend availability through to 2015/16
26 July 2010
Recent changes to the Export Market Development Scheme (EMDG) reduce the maximum grant available, however extend the availability of the scheme through to 2015/16.
These changes apply to grants for the 2010/11 grant year. Clients are advised to consider their export market activity this year to maximise any grants they are eligible for, before the changes take effect.
The changes include:
- Extend the EMDG scheme to apply to all grants years from 2011/12 to 2015/16 inclusive
- Reduce the maximum grant from $200,000 to $150,000
- Reduce the number of grants an individual recipient can receive, other than an approved body or joint venture from 8 to 7
- Cap intellectual property registration expenses at $50,000 per application
- Increase the minimum expenses threshold from $10,000 to $20,000
- Increase the income limit for members of approved joint ventures/consortia from $30 million to $50 million.
- Remove approved trading houses as an eligible special approval applicant category
- Reinstate disqualifying conviction provisions in the Act that were unintentionally removed when Criminal Code Amendment (Theft, Fraud, Bribery and Related Offences) Act 2000 rules replaced earlier disqualifying conviction provisions.
To discuss your eligibility and applying for a grant, contact Brendan Brown by calling our office on 03 9869 5900 or email us for further information