Taken directly from the good folk at Export Incentives:
Export Grant Update
I write to clarify the status of the Export Grant Scheme, both for the 2012/13 financial year (the current year) and beyond.
For the financial year ended 30 June 2013, no changes apply. The same rules will govern applications, other than the key registration document is your ABN number. The new Austrade electronic lodgement procedures cannot be accessed, other than through an active ABN number.
2013/14 and beyond
The changes outlined in recent Austrade press releases will apply from 2013/14. For clarity, they only apply to expenditure incurred as from 1 July 2013. They have no impact on expenses incurred up to 30 June 2013 other than for first time applicants, who lodge a 2 year application in 2013/14. These changes are;
- A maximum of 5 grants only in respect to North America and EU (currently 7 can be lodged). Up to 8 grants can be lodged for other markets.
- Loan funding by related entities (such as directors) will no longer be accepted. Expenditure can only be claimed, if it has been paid by the applicant entity on a cash basis by 30 June. Expenses initially paid by a related entity, must be reimbursed by 30 June.
The current Export Grant Scheme runs until 30 June 2016, when the usual review process will occur. The Coalition have indicated their support for the Scheme. Their desire is to increase the funding of the Scheme back to its original level ($200 million), when the budget position allows. Under Labor, the funding of the Export Grant Scheme has been reduced to $125 million. Despite this reduction, exporters will receive their full entitlements this year.