Document ID: chunk:federal_register_of_legislation:F2009B00008:body:0:p6
Version: federal_register_of_legislation:F2009B00008
Segment Type: other
Provision Reference: 
Character Range: 17096–20682

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 so                             much of the cost of the project that is not met by the financial assistance.

 (7) The Board must not grant an application for financial assistance to an applicant                             who is named by the Affirmative Action Agency as an organisation that has not                             complied with the Affirmative Action (Equal Opportunity for Women) Act                                           1986.

Project requirements

11. (1) A project to which an application for financial assistance, except an application                             for Start Graduate financial assistance, relates:

  (a) must aim to produce a clearly identified product, process or service;

  (b) must involve research and development activities; and

  (c) may involve related product development and related market research.

 (2) A project to which an application for Start Graduate financial assistance relates                             must:

  (a) involve a graduate working for the applicant in research and                                            development related activities; and

  (b) be intended, and likely, to form or strengthen links between the applicant                                           and a research institution.

PART 5 — ELIGIBILITY FOR LOANS

Eligible applicants and projects — loans

12. (1) Subject to subclauses (2) to (5), the Board must accept a loan application in                             relation to a project if the Board considers that:

  (a) the total number of employees of the applicant and each body corporate                                           related to the applicant is less than 100;

  (b) the applicant is unable to obtain sufficient funding for the project from                                           financial institutions; and

  (c) the project involves early commercialisation of technological innovation                                           of goods, systems or services and is limited to:

   (i) product/process design;

   (ii) trial production runs, including tooling up;

   (iii) compliance with regulatory requirements and other standards;

   (iv) protection of intellectual property;

   (v) trial and demonstration activities;

   (vi) product documentation; and

   (vii) related market research.

 (2) The Board must refuse a loan application in relation to a project unless the                             Board is satisfied that:

  (a) if the application is not granted, the project will not proceed                                            satisfactorily;

  (b) the applicant is able to fund so much of the cost of the project that is not                                           met by the loan; and

  (c) the results of the project will be exploited in a manner which is to the                                           benefit of the Australian economy.

 (3) The Board may refuse an application for a loan that the Board 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