✨ 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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✨ LLM interpretation of page content

🏭 Standard Conditions for EAGS (continued from previous page)

🏭 Trade, Customs & Industry
Grant 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

🏭 Business Development Boards Contact Information

🏭 Trade, Customs & Industry
1 August 1993
Contact details, Business Development Boards, Regional offices, Phone, Fax, Address