Export Market Development Grants Amendment Bill 2014
Introduction of EMDG Amendment Bill 2014 into Parliament
Legislation was introduced into Parliament on 6 March 2014 that may result in a number of changes to the Export Market Development Grants (EMDG) scheme.
The proposed amendments implement the Government’s 2013 Election commitment and make some technical changes to improve the scheme administration arrangements as follows:
- increase the number of grants able to be received by an applicant from seven to eight ;
- reduce the minimum expenses threshold required to be incurred by an applicant from $20,000 to $15,000;
- reduce the current $5,000 deduction from the applicant’s provisional grant amount to $2,500;
- prevent the payment of grants to applicants engaging an EMDG consultant assessed to be a not fit and proper person
- enable a grant to be paid more quickly where a grant is determined before the 1 July following the balance distribution date
Changes 1 – 3 above are intended to apply for the 2013-14 grant year, i.e. applications to be received from 1 July 2014. The other changes are intended to take effect from the date of Royal Assent.