Document ID: chunk:federal_register_of_legislation:F2009B00008:body:0:p2
Version: federal_register_of_legislation:F2009B00008
Segment Type: other
Provision Reference: 
Character Range: 3167–7540

of COMET.

  GST has the same meaning as in the A New Tax System (Goods and Services                             Tax) Act 1999.

  joint application means a single application made by more than 1 applicant.

  loan means a Concessional Loans payment.

  non tax-exempt company means a company, except a company to which                              Division 50 of the Income Tax Assessment Act 1997 applies, that is                                           incorporated in Australia.

  program funding or program funds means the funding made available by the                             Commonwealth of Australia for the R&D Start program in any given financial                             year, being the funding specified in the Portfolio Budget Statement (as varied by                             any Portfolio Additional Estimates Statement or by the Minister) for that year.

  R&D Start Program means the merit-based program designed to assist                              Australian industry to undertake research and development (R&D) and                                           commercialisation comprising the following component programs:

  (a) Start Grants

   Start Grants means the research and development program comprising                                           the following subprograms:

   (i) Core Start

    Core Start means the program of financial assistance for                                                          research and development projects of non tax-exempt companies                                                         with turnovers of less than $50,000,000 in each relevant year;

   (ii) Start Plus

    Start Plus means the program of financial assistance for research                                                         and development projects of non-tax exempt companies with                                                         turnovers of $50,000,000 or more in 1, or more than 1, relevant                                                         year; and

   (iii) Start Premium

    Start Premium means the program of financial assistance:

    (A) for high merit research and development projects of non                                                                       tax-exempt companies; and

    (B) that is repayable to the Commonwealth;

  (b) Start Graduate

   Start Graduate means that program of financial assistance for research                                           and development related projects undertaken through the engagement of                                           a graduate by non tax-exempt companies with turnovers of less than                                           $50,000,000 in each relevant year;

  (c) Concessional Loans

   Concessional Loans means the program of concessional loans for the                                           commercialisation of technological innovation; and

  (d) COMET

   COMET means the Commercialising Emerging Technologies program                                           established to provide support to enable COMET clients to maximise                                           their potential for innovation and the commercialisation of innovative                                           products, services and processes.

   relevant year, for an applicant, means:

   (a) if the applicant has been incorporated for each of the 3 years                                                         preceding the year of income in which the application is made —                                                         each of those years; or

   (b) if the applicant has been incorporated for fewer than 3 years of                                                         income preceding the year of income in which the application is                                                         made — each of those years in which the applicant was                                                                       incorporated.

   revoked directions means the directions revoked by clause 33, by the                                           R&D Start Program Directions No 1 of 2002, by the R&D Start                                                         Program Directions No 1 of 2000 or by the R&D Start Program                                                         Directions No 1 of 1998.

   research