Yesterday (May 27) proposed changes to the The Export Market Development Grant (EMDG) Scheme were introduced into Parliament as the EMDG Amendment Bill 2010.
Corporate advisory firm BSI comments that the Government's stated aim to both extend the life of the EMDG scheme and better balance the cost of the scheme to its budget are laudable.
"These proposed changes are fine...as long as they provide certainty that SME exporters can rely on what they are expecting to receive!" says BSI CEO Ivan Kaye.
"Mr Crean, please give this certainty to this sector of the economy."
As reported, "these changes also aim to ensure that those exporters most deserving of grants receive the greatest level of support possible within the budget available for the scheme".
Among the 10 proposed changes are:
1. extending the Export Market Development Grants (EMDG) scheme so that it applies to all grant years from 2011-12 to 2015-16 inclusive;
2. reducing the maximum grant from $200,000 to $150,000;
3. reducing the maximum number of grants available for an individual recipient (other than an approved body or an approved joint venture) from eight to seven;
To read the full amendment proposal visit:
Business Strategies International (BSI)
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