Document ID: chunk:federal_register_of_legislation:F2009B00008:body:0:p10
Version: federal_register_of_legislation:F2009B00008
Segment Type: other
Provision Reference: 
Character Range: 30011–33849

for GST payable by the applicant on supplies made to the                                                                       Commonwealth under the grant agreement (such further amount not to                                           exceed the amount of GST paid by the applicant);

  (b) in the case of Start Plus financial assistance - the aggregate of 20% of the                                           eligible expenditure for the project, and any further amount payable to                                           the applicant to reimburse the applicant for GST payable by the                                                         applicant on supplies made to the Commonwealth under the grant                                                         agreement (such further amount not to exceed the amount of GST paid                                           by the applicant); and

  (c) in the case of Start Premium financial assistance - the aggregate of                                            56.25% of the eligible expenditure for the project, and any further                                                         amount payable to the applicant to reimburse the applicant for GST                                           payable by the applicant on supplies made to the Commonwealth under                                           the grant agreement (such further amount not to exceed the amount of                                           GST paid by the applicant); provided that the maximum percentage of                                           eligible expenditure that Start Premium financial assistance may fund                                           when provided with Core Start financial assistance shall be 6.25% and                                           the maximum percentage of eligible expenditure that Start Premium                                           financial assistance may fund when provided with Start Plus financial                                           assistance shall be 36.25%.
        (2) The total loan amount for a project must not exceed 50% of the eligible expenditure for the project.

PART 9 — OTHER REQUIREMENTS IN RELATION TO FINANCIAL
ASSISTANCE AND LOANS

Minimum Start Premium financial assistance

23. The amount of Start Premium financial assistance for a project must be at least $60,000.

Maximum Start Graduate financial assistance

24. The amount of Start Graduate financial assistance for a project must not exceed  $100,000.

Maximum financial assistance and loans for projects and linked projects

25. (1) Financial assistance and loans provided after 18 December 1996 for a single                             project, or the total financial assistance and loans provided after that date for a                             number of linked projects, (including any financial assistance and loans                                           provided under the R&D Start Program as conducted under the revoked                                           directions) must not exceed $15,000,000.

 (2) In determining the maximum amount of financial assistance for a project, or a                             number of linked projects, the Board must disregard an amount of financial                             assistance or a loan for the project that has been repaid to the Commonwealth.

Time limits on Projects receiving financial assistance and loans

26. (1) Except in the case of Start Graduate financial assistance, the period of a project                             for which financial assistance may be provided shall not be more than 3 years.

 (2) The period of a project for which Start Graduate financial assistance may be                             provided shall not be more than 2 years.

 (3) However, except in the case Start