Export Market Development Grants (Australian Net Benefit Requirements) Determination 20081
Export Market Development Grants Act 1997
I, SIMON CREAN, Minister for Trade, make this Determination under section 10 of the Export Market Development Grants Act 1997.
Dated 25 June 2008
SIMON CREAN
Minister for Trade
 
 
1              Name of Determination
                This Determination is the Export Market Development Grants (Australian Net Benefit Requirements) Determination 2008.
2              Commencement
                This Determination commences on 1 July 2008.
3              Definition
                In this Determination:
Act means the Export Market Development Grants Act 1997.
4              Australian net benefit requirements
                For section 10 of the Act, the specified requirements are:
                (a)    the size of the commercial return received, or receivable, from the applicant’s international business activities in the grant year; and
               (b)    the applicant’s financial position; and
                (c)    whether the applicant has the financial resources to maintain its international business activities; and
               (d)    whether the applicant’s international business activities generate or will generate substantial economic benefits for Australia in each of the following areas:
                          (i)    employment in Australia;
                         (ii)    new capital investment in Australia;
                         (iii)    introduction of new technologies in Australia;
                        (iv)    new value‑added operations in Australia.
Note
1.       All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See http://www.frli.gov.au.