Document ID: chunk:federal_register_of_legislation:F2009B00008:body:0:p5
Version: federal_register_of_legislation:F2009B00008
Segment Type: other
Provision Reference: 
Character Range: 13741–17400

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 applicant is, or is related to a body corporate that is, registered under                                           section 39P of the Act;

  (b) the project involves intellectual property developed under a project in                                           relation to which a company is registered under section 39P of the Act;                                           or

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

10. (1) If an application for financial assistance:

  (a) is not a joint application — the applicant must be a non tax-exempt                                           company; and

  (b) is a joint application — at least 1 party to the application must be a non                                           tax-exempt company.

 (2) The Board must not grant an application for Core Start financial assistance or                             Start Graduate financial assistance unless the combined turnover of the                                           applicant, and of each body corporate (if any) related to the applicant at the time                             the Board receives that application, is less than $50,000,000 for each relevant                             year.

 (3) The Board must not grant an application for Start Plus financial assistance                              unless the combined turnover of the applicant, and of each body corporate (if                             any) related to the applicant at the time the Board receives that application, is                             $50,000,000 or more for 1, or more than 1, relevant year.

 (4) The Board must not grant an application for Start Premium financial assistance                             for a project unless:

  (a) the application accompanies an application for Core Start or Start Plus                                           financial assistance for the project;

  (b) Core Start or Start Plus financial assistance is provided for the project;

  (c) the agreement between the Board and the applicant mentioned in clause                                           18 provides for repayment of the Start Premium financial assistance for                                           the project in accordance with subclause (5); and

  (d) the maximum available Core Start or Start Plus financial assistance for                                           the project has been granted.

 (5) The agreement must provide that:

  (a) if the applicant is a joint applicant — each party to the application agrees                                           to repay to the Commonwealth any amount of the Start Premium                                                         financial assistance provided to that party for the project; and

  (b) in any other case — the applicant agrees to repay to the Commonwealth                                           any amount of the Start Premium financial assistance provided for the                                           project.

 (6) The Board must not grant an application for financial assistance for part of the                             cost of a project unless the Board considers that the applicant is able to fund