Document ID: chunk:federal_register_of_legislation:F2023L01482:reg:10
Version: federal_register_of_legislation:F2023L01482
Segment Type: reg
Provision Reference: reg 10
Character Range: 9875–11954

10  Principles and procedures for allocating STARTUP-HELP assistance
 (1) For the purposes of subsection 128B-40(1) of the Act, the principles for ensuring that, so far as reasonably practicable, at least 25 percent of the persons selected for receipt of STARTUP-HELP assistance are students enrolled in an accelerator program course at a regional university, are:
 (a) when determining the allocation of places for accelerator program courses to regional universities and non-regional universities as described in section 9 and subsection (2), the department will have regard to course quality and the value proposition for students; and
 (b) when determining the allocation of places for accelerator program courses to regional universities and non-regional universities as described in section 9, the department will have regard to the spread of students across Australian states and territories.
 (2) For the purposes of subsection 128B-40(1) of the Act, the procedures for ensuring that, so far as reasonably practicable, at least 25 percent of the persons selected for receipt of STARTUP-HELP assistance are students enrolled in an accelerator program course at a regional university, are:
          (a)    the department must conduct an expression of interest process for universities seeking to be allocated places for students in accelerator program courses in order to identify regional universities and non-regional universities with capability to deliver accelerator program courses; and
          (b)    universities applying for places in accelerator program courses must identify the geographic location of proposed courses in their application in order to determine the level of regional delivery and geographic spread; and
 (c) the department must establish a panel that includes representatives with industry, startup or venture capital experience to assess the expressions of interest referred to in paragraph (a), and the views of the panel will be considered in allocating places to higher education providers.

Part 5 – Requirements in relation to audits