Document ID: chunk:federal_register_of_legislation:F2023L01690:clause:1_2:p5
Version: federal_register_of_legislation:F2023L01690
Segment Type: clause
Provision Reference: sch 1 cl 2 (pt 5/7)
Character Range: 13502–16592

Act, bodies corporate that are in the 'University College' provider category listed in the Higher Education Standards Framework (Threshold Standards) 2021, are eligible to receive Innovate Grants under the Australia's Economic Accelerator program.

Extra conditions of eligibility

     (2) It is an extra condition of eligibility that grant recipients receiving an Innovate Grant:

         (a) nominate an individual engaged by the grant recipient (Lead Entrepreneur) to work on the project over the grant period;

         (b)  be partnered with at least one organisation that is an Australian body corporate;

         (c) demonstrate that, at the time the grant is made, at least one participating organisation has committed cash or in-kind contributions to the project equivalent to the grant amount made to the grant recipient;

          (d) demonstrate how their proposed project aligns with the following national priority areas:

              (i) value-add in the resources sector;
              (ii) value-add in the agriculture, forestry and fisheries sectors;
              (iii) transport;
              (iv) medical science;
              (v) renewables and low emissions technology;
              (vi) defence capability; or
              (vii) enabling capabilities such as data science, artificial intelligence and robotics;
              (viii) a national priority set out in the annual investment plan prepared by the AEA Advisory Board in accordance with section 42-5 of the Act for the relevant year; and
          (e) demonstrate that, at the time the grant is made, all actual or perceived conflicts of interest, pecuniary or otherwise, both within and outside Australia, that exist in relation to the conduct of the proposed project have been disclosed to the department, and the grant recipient has demonstrated that they have taken steps required by the department to resolve or address the conflict.

5.50   Conditions that apply to Innovate Grants

     Conflicts of interest
     (1) The grant recipient must make reasonable enquiries to ensure that no actual or perceived conflicts of interest, pecuniary or otherwise, both within and outside Australia, other than those disclosed to the department consistent with sub-subparagraph 5.45(2)(d), exist in relation to the conduct of the project funded by the Innovate Grant.
     (2) If any actual or perceived conflict of interest, pecuniary or otherwise, both within and outside Australia, arises during the project, the grant recipient must immediately make full disclosure of the conflict to the department, and take any steps that the department requires to resolve or address the conflict.

Privacy

     (3) If the grant recipient is not an 'agency' for the purposes of the Privacy Act 1988, the grant recipient must comply with the Privacy Act 1988 and the Australian Privacy Principles as set out in Schedule 1 of the Privacy Act 1988, as if it were an 'agency' for the purposes of the Privacy Act 1988.

     (4) If the grant recipient enters into a contract in relation to the performance of