Document ID: chunk:federal_register_of_legislation:F2009B00008:body:0:p8
Version: federal_register_of_legislation:F2009B00008
Segment Type: other
Provision Reference: 
Character Range: 23684–27238

is proposed to be                                           repaid by applicants.

 (3) The merit of applications for Start Graduate financial assistance is assessed                             under the following criteria:

  (a) the management capability of applicants;

  (b) the extent to which projects to which applications relate would improve                                           applicants' performance through the adoption of appropriate technology                                           or methodology;

  (c) the extent to which projects form or strengthen appropriate links between                                           applicants and research institutions; and

  (d) whether projects would proceed satisfactorily without financial                                            assistance.

Merit criteria — loans

15. (1) The merit of applications for loans for projects is primarily assessed under the                             following criteria:

  (a) the management capability of applicants;

  (b) the demand, growth and size of markets for products, processes or                                            services to which the projects relate;

  (c) the competitiveness and dynamism of the markets;

  (d) the technical and production synergies of projects; and

  (e) the national benefits of the projects.

 (2) The merit of applications for loans for projects is also assessed under the                              following other criteria:

  (a) the expertise of the personnel to be involved in the projects;

  (b) the technical risk involved in projects;

  (c) the uniqueness or superiority of the products, processes or services to                                           which the projects relate; and

  (d) the prices envisaged for the products, processes or services.

PART 7 — GRANT OF FINANCIAL ASSISTANCE AND LOANS

Grant of financial assistance and loans

16. Subject to clause 17, after assessing an application in accordance with Part 6, the Board               may, grant the application for financial assistance, or for a loan, for a project to which               the application relates.

17. The Board must not grant an application for financial assistance or loan if the Board               reasonably considers, following an assessment of:

 (a) commitments of program funds in the current financial year;

 (b) commitments in future years;

 (c) program funds currently available; and

 (d) indicative targets for approvals throughout the current financial year;

 that the application for financial assistance or loan is not of sufficient relative merit to               be accommodated within the program in the financial years to which the application               relates.

Board to enter agreements

18. The Board must enter into an agreement with an applicant whose application is granted               before financial assistance or a loan is provided to the applicant.

What agreements must contain

19. An agreement:
 (a) must not be inconsistent with a law of the Commonwealth, a State or Territory                             or these directions;

 (b) must specify the amount of the financial assistance or loan for the project to                             which the application relates and the timing and method of delivery of the                                           assistance or loan;

 (c) must require the applicant to conduct the project to which the application                              relates;

 (d) must require the applicant to keep records relating