The Hon Steven Ciobo MP, Minister for Trade, Tourism and Investment, has determined the initial payment ceiling for the 2017–18 grant year for the Export Market Development Grants scheme will be $40,000.
The initial payment ceiling is the maximum amount paid as a first instalment to reimburse exporters who have made eligible marketing expense applications through the scheme.
An initial payment of up to $40,000 provides exporters with a reasonable immediate cash flow, while mitigating the risk of demand exceeding available funding. In addition, it should allow for a reasonable second tranche payment for the 2017–18 grant year.
Recipients for the 2017–18 grant year who have an entitlement up to and including $40,000 will be paid in full. Those with entitlements above this amount will receive a second tranche payment at the end of June 2019, the size of which will be determined at that time.
Read the full article here – https://www.austrade.gov.au/Australian/Export/Export-Grants/news