Document ID: chunk:federal_register_of_legislation:F2012L01207:body:0:p3
Version: federal_register_of_legislation:F2012L01207
Segment Type: other
Provision Reference: 
Character Range: 6002–9241

is entitled to receive funding under the program pursuant to an agreement between the entity and the Commonwealth.

(2) In these directions, 'may' is permissive and not mandatory.

PART 2 - ASSESSMENT AND MERIT RANKING OF APPLICATIONS

Procedure

       5. (a)  Subject to clause 6, the Board will assess eligible applications and provide a merit ranking of those applications to the Program Delegate.  In assessing eligible applications against the Merit Criteria, the Board will take into consideration the value for money of each eligible application.

    (b) The Board must consider eligible applications as soon as practicable after those  applications have been provided to the Board.

Board may decline to provide merit ranking

    6.             The Board may decide to refuse to provide a merit ranking in respect of a particular applicant if it is not satisfied:

       (a)          with the level of merit of an eligible application in relation to one or more of the merit criteria; or

       (b)          that the activities described in the eligible application are eligible activities and the project is an eligible project.

Assessment of applications

    7.             Subject to clause 6, the Board must assess each eligible application on its merit according to the extent to which the application meets the merit criteria.

Merit Criteria

    8.             The merit of eligible applications must be assessed against the following criteria:

    Merit Criterion 1 - Extent of the reduction in greenhouse gas emissions or energy consumption associated with the project.

    The applicant should indicate merit by demonstrating:

         * The potential net energy savings and/or the potential net reduction in greenhouse gas emission that the proposed clean technology/energy efficient technology will provide.

         * The expected net energy savings or net emission reductions per unit output and at deployment.

         * Evidence of how the emission reduction calculation was performed.

         * The time expected to deliver the predicted outputs.

    Merit Criterion 2 - Commercial potential of the project.

     The applicant should indicate merit by demonstrating:

         * A realistic estimate of market demand for the project outcomes including:

         -            a definition of the target market and evidence of market demand;

         -            competitive advantage of the project outcomes compared to direct and indirect competitors and why the project outcome will be successful;

         -            the strength of the intellectual property/intellectual property management strategy and how it will address the market opportunity; and

         -            the frequency of entry of new products, processes or services in the relevant market.

         * A sound commercialisation strategy setting out a clear route to market for the project outcomes including:

         -            defining market entry barriers and the strategies to overcome these barriers;

         -            manufacturing and market supply strategy including channel partners if relevant;

         -            timeframe to first market entry and outlining expected market growth;