Document ID: chunk:federal_register_of_legislation:F2009B00008:body:0:p4
Version: federal_register_of_legislation:F2009B00008
Segment Type: other
Provision Reference: 
Character Range: 10548–14054

Commonwealth, with                                            applicants whose applications for financial assistance, loans or COMET                                           are granted;

  (c) authorising payments for financial assistance, loans and COMET to be                                           made by the Commonwealth to those applicants;

  (d) monitoring and evaluating projects for which financial assistance or                                           loans or assistance under COMET are provided; and

  (e) administering COMET in accordance with the COMET guidelines.

 (3) The Board may make written guidelines for COMET setting out:

  (a) the eligibility criteria for applicants;

  (b) the kinds of assistance available;

  (c) how the Board will process applications;

  (d) the terms on which assistance will be provided;

  (e) the application fee, if any, to be paid by applicants;

  (f) the date from which the guidelines take effect; and

  (g) any other matters the Board considers appropriate in relation to the                                           administration of that program.

PART 3 — REFUSAL OF CERTAIN APPLICATIONS FOR COMET

8. The Board may refuse a particular application under COMET if the Board considers               that:

 (a) the applicant is registered under section 39P or the Act;

 (b) the applicant, if it is a body corporate, is related to a company that is registered                             under section 39P of the Act;

 (c) the application relates to a product, service or process that involves intellectual                             property developed under a project in relation to which a company is registered                             under section 39P of the Act; or

 (d) the application otherwise relates to or is connected with a project in relation to                             which a company is registered under section 39P of the Act.

PART 4 — ELIGIBILITY FOR FINANCIAL ASSISTANCE

Eligible applications — financial assistance

9. (1) Subject to subclauses (2) to (4), the Board must accept an application for                              financial assistance if the Board is satisfied that:

  (a) the applicant meets the requirements of clause 10; and

  (b) the project to which the application relates meets the requirements of                                           clause 11 that apply to the project.

 (2) The Board may refuse an application for financial assistance that the Board                             reasonably considers is the same, or substantially the same, as another                                           application for financial assistance:

  (a) that was not accepted by the Board; or

  (b) that was accepted by the Board, but related to a project for which the                                           financial assistance (including financial assistance under the R&D Start                                           Program as conducted under the revoked directions) was not granted.

 (3) The Board may refuse an application for financial assistance if the applicant has                             already made a number of applications:

  (a) that exceeds 1; and

  (b) in relation to which the Board has not decided whether to grant the                                            financial assistance.

 (4) The Board may refuse a particular application for financial assistance in relation                             to a project if the Board considers that:

  (a) the