Document ID: chunk:federal_register_of_legislation:F2009B00008:body:0:p7
Version: federal_register_of_legislation:F2009B00008
Segment Type: other
Provision Reference: 
Character Range: 20359–24026

reasonably                              considers is the same, or substantially the same, as another application for a                             loan:

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

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

 (4) The Board may refuse an application for a loan 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 loan.

 (5) The Board may refuse a particular application for a loan 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.

PART 6 — MERIT CRITERIA

Assessment of applications for financial assistance and loans

13. (1) If the Board accepts an application, it must assess and determine the relative                             merit of the application:

  (a) in the case of an application for financial assistance — by comparing the                                           merit of the application under clause 14 with the merit of other eligible                                           applications; and

  (b) for an application for a loan — by comparing the merit of the application                                           under clause 15 with the merit of other eligible applications.

Merit criteria — financial assistance

14. (1) The merit of applications for Core Start or Start Plus financial assistance is                             assessed under the following criteria:

  (a) the management capability of applicants;

  (b) the level of commercial potential of projects and applicants' capacities to                                           exploit that potential;

  (c) the level of relevant technical capability and resources of applicants and                                           the technical soundness of projects to which applications relate;

  (d) the extent to which projects would benefit Australia, including                                            Australian industry and the wider community; and

  (e) whether projects would proceed satisfactorily without the financial                                            assistance.

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

  (a) whether applications meet the criteria set out in subclause (1) to a high                                           degree; and

  (b) the period and manner in which financial assistance 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