✨ Enterprise Growth Development Scheme Checklist
NEW ZEALAND GAZETTE
No. 26
- Need to provide cost breakdown
17 Any costs incurred prior to receipt of Board’s written approval are at applicants own risk.
18 Grant is paid on a reimbursement basis.
19 Standard claim form must be filled out for each claim and original receipts and original invoices are to be forwarded with this.
20 No claim will be processed until report received on activity - appropriate standard form is to be used.
21 Claims must be made in New Zealand dollars; supply conversion rates used if foreign currency transactions.
22 Scheme does not allow retrospective applications to be made.
23 No other government funds can be used for balance of cost for items funded under ECDS.
24 Information on approvals can be made publicly available by the Board.
25 Any grant approved is personal to applicant and cannot be assigned without written authority of the Board.
26 Applicant must notify Board in writing of acceptance of grant within prescribed time or else grant offer will lapse.
27 Grants must be uplifted within timeframe specified by Board or will lapse; any extension request to be received by the Board prior to grant expiring.
28 The Board retains the right to refuse to make payments to approved applicants in cases where it has determined that it has been mislead by the applicant or if the applicant has been placed in receivership or declared bankrupt.
29 Any grant approved is GST inclusive.
30 Applicants registered for GST must account for GST portion of grant as output tax.
31 Effect of section 159 of Income Tax Act.
32 Applicant accepts that changes can be made to the scheme at any time.
33 Only the applicant can sign the application form.
34 Contact person for the applicant can only be a salaried employee of the applicant, or a member of the organisation or the individual applicant.
35 Minister of Business Development considers appeals; must be lodged by applicant.
36 Appeals must be received by Board within 2 months of date of its decline letter.
37 Validity of letters of intent explained.
38 If further information is requested in writing, but not received by the time specified, the application may be declined.
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VUW Te Waharoa —
NZ Gazette 1992, No 26
NZLII —
NZ Gazette 1992, No 26
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Enterprise Growth Development Scheme Checklist
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🏭 Trade, Customs & IndustryGrant Review, Business Development, Checklist, Criteria, Cost Breakdown, Reimbursement, Claims, GST, Appeals