β¨ Business Development Grants Information
10 Grants are made subject to the Board being satisfied that the information given by the applicant is true and correct and that there has not been an omission of any relevant fact nor misrepresentation made. The Board retains the right to refuse to make payments to approved applicants where it determines that it has been misled by the applicant or if the applicant has been placed in receivership or declared bankrupt.
Can You Have A Time Extension To Complete The Approved Project?
Written requests for up to one three month time extension can be made to the appropriate Board. Boards cannot consider such requests for grants which have lapsed. Such requests must be justified by the applicant.
If Your Application Is Declined Can You Appeal This Decision?
Applicants are able to lodge appeals for applications which have been declined by the Board. Such applications should be lodged directly with the Minister of Business Development. Appeals will only be considered if they are received by the Minister within two months of the date of the relevant decline letter from the relevant Board notifying the applicant that their application has been declined.
Is The Grant Taxed?
The grant is GST inclusive; and claims should therefore be based on GST inclusive amounts.
If you are registered for GST you will have to account for the GST portion of the grant as output tax.
Make sure that GST is included in the cost breakdown on the application form. For goods and services which do not have GST added, such as wages, provision still have to be made for GST in the application, because this has to be paid on the grant to Inland Revenue.
If the applicant is not registered for GST, they will still have to pay GST on goods and services purchased during the investigation. Make sure therefore that provision is made for this in the application.
Section 169 of the Income Tax Act 1976 deals with grants such as this. Effectively the grant is not assessable income as such, but has the effect of reducing the costs which may be claimed for income tax purposes.
WHERE ARE THE BUSINESS DEVELOPMENTS BOARDS LOCATED?
| Board | Phone | Fax | Street Address | Box | Town/City |
|---|---|---|---|---|---|
| Aorangi | 03 688-8106 | 03 688-1712 | Stafford & Sefton Sts | 779 | Timaru |
| Auckland | 09 308-9141 | 09 308-9138 | 47 Wakefield Street | 7040 | Auckland |
| Bay of Plenty | 07 577-6000 | 07 577-6010 | Cameron Rd & First Ave | 568 | Tauranga |
| Canterbury | 03 365-1918 | 03 379-0697 | 109 Cambridge Tce | 2893 | Christchurch |
| East Coast | 06 867-9744 | 06 867-9183 | Treble Court, Peel St | 517 | Gisborne |
| Hawkes Bay | 06 835-2044 | 06 835-4038 | 174 Hastings Street | 1041 | Napier |
| Kapiti/Horowhenua | 06 367-9669 or 04 298-8207 | 06 368-1925 | 29 Queen Street | 673 | Levin |
| King Country-Taupo | 07 878-8685 | 07 878-6740 | King and Taupiri Sts | 44 | Te Kuiti |
| Manawatu | 06 355-0195 | 06 355-0196 | Cnr Church & Princess Sts | 1846 | Palmerston North |
| Marlborough | 03 578-2313 | 03 578-7343 | 3 Main Street | 652 | Blenheim |
| Nelson Bays | 03 548-8622 | 03 546-6455 | 37 Bridge Street | 840 | Nelson |
| Otago | 03 477-6528 | 03 479-0649 | 282 Moray Place | 5558 | Dunedin |
| Southland | 03 218-9860 | 03 214-4654 | 27 Kelvin Street | 979 | Invercargill |
| Tai Tokerau | 09 438-1339 | 09 430-0552 | Walton Plaza, Albert St | 221 | Whangarei |
| Taranaki | 06 757-9993 | 06 758-8173 | 5 Queen St | 349 | New Plymouth |
| Thames/Coromandel | 07 862-7423 | 07 862-7421 | Normanby Rd | 96 | Paeroa |
| Waikato | 07 834-0100 | 07 834-0105 | Victoria & London Sts | 960 | Hamilton |
| Wairarapa | 06 378-2705 | 06 378-9548 | 32 Perry St | 251 | Masterton |
| Wanganui | 06 345-0949 | 06 345-0666 | 259 Victoria Ave | 7045 | Wanganui |
| Wellington | 04 566-9192 | 04 566-9191 | 249 High Street | 31225 | Lower Hutt |
| West Coast | 03 768-6334 | 03 768-5408 | 100 Mackay Street | 361 | Greymouth |
FOR FURTHER DETAILED INFORMATION CONTACT YOUR LOCAL BUSINESS DEVELOPMENT BOARD
NOTE:
PLEASE TREAT THIS PAMPHLET AS A GENERAL INTRODUCTION TO THE EAGS AND NOTE THAT CHANGES IN THE SCHEME CRITERIA MAY BE MADE AT ANY TIME.
August 1993
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VUW Te Waharoa —
NZ Gazette 1993, No 120
NZLII —
NZ Gazette 1993, No 120
β¨ LLM interpretation of page content
π
Standard Conditions for EAGS
(continued from previous page)
π Trade, Customs & IndustryGrant conditions, Acceptance notification, Grant uplift, Retrospective costs, Government funds, Payment basis, Report submission, Public information, Grant assignment, Project compliance, Time extension, Appeal process, GST inclusion, Income Tax Act 1976
π Business Development Boards Contact Information
π Trade, Customs & Industry1 August 1993
Contact details, Business Development Boards, Regional offices, Phone, Fax, Address