Export Market Development Grant Applications – Due by 30th November 2016

business grants accountants

By Cameron Tilley 

cameron tilley

Export Market Development Grant applications relative to the year ended 30th June 2016 are required to be lodged with Austrade by the 30th November 2016.

Applications can be lodged by Australian residents irrespective of the type of business entity that has an Australian Business Number and who are the owners of eligible goods, services, individual property rights or know how that have been exported.

Eligibility requirements are:

  • the business’ income must not exceed $50M in the grant year;
  • the business must have incurred at least $15,000 of eligible export expenses; and
  • the applicant has to be the principal for the export activity.

The grant payments are calculated at 50% of allowable export market development expenditure.

First time claimants of the Export Market Development Grant can combine two years of expenses to meet the minimum expenditure requirements.

If you would like our assistance on the preparation of a Export Market Development Grant application, please do not hesitate to contact us.

Want to know more?

If you would like to know more about the issues raised in this article, please contact Cameron Tilley our Business Advisory Director for assistance.

An Important Message

While every effort has been made to provide valuable, useful information in this publication, this firm and any related suppliers or associated companies accept no responsibility or any form of liability from reliance upon or use of its contents.  Any suggestions should be considered carefully within your own particular circumstances, as they are intended as general information only.

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