2010 EMDG Scheme Changes

The Government has passed legislation on a number of changes to the Export Market Development Grants (EMDG) scheme that will impact claims made for eligible expenses incurred after 1 July 2010.
The recent changes include:

  • extending the Export Market Development Grants (EMDG) to 2015/16;
  • reducing the maximum assessed grant from $200,000 to $150,000;
  • reducing the maximum number of grants available from 8 to 7;
  • capping intellectual property registration expenses at $50,000 per application;
  • increasing the minimum expenses threshold from $10,000 to $20,000;
    Note: the deductible amount remains at $10,000 for grants calculation purposes.
  • increasing the income limit for members of approved joint ventures/consortia from $30 million to $50 million;
  • removing approved trading houses as an eligible special approval applicant category;
  • reinstating disqualifying conviction provisions in the Act
In addition to these changes, the EMDG Amendment Act 2010 also:
  • enables Austrade to impose conditions on the accreditation of EMDG consultants;
  • amends the ‘form and manner’ requirements and claim lodgement deadlines for applications submitted by accredited EMDG consultants;
Pattens Group has several accredited “best practice” consultants who have consistently exceeded Austrade’s minimum performance standard for consultant prepared EMDG claims.
By | 2010-11-01T12:25:46+00:00 November 1st, 2010|Export and Tourism Grants|0 Comments

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