Commonwealth Consolidated Acts

EXPORT MARKET DEVELOPMENT GRANTS ACT 1997 - SECT 34A

             (1)  This section sets out the allowable expenses of an applicant in respect of bringing a buyer to Australia (see item 7 of the table in section 33).

             (2)  Subject to subsections (5) and (6), an air fare for any air travel reasonably undertaken by the buyer is an allowable expense.

Note:          Only 65% of a first class air fare is to be taken into account as a claimable expense. See subsection 33(3).

             (3)  Subject to subsections (5) and (6), all transport expenses (other than air fares) in respect of any travel reasonably undertaken by the buyer are allowable.

             (4)  Subject to subsections (5) and (6), all reasonable expenses for accommodation and meals for the buyer are allowable.

             (5)  Expenses that are also claimable expenses in respect of another activity mentioned in the table in section 33 are not allowable.

             (6)  Expenses exceeding a total of $7,500 in respect of bringing any one buyer to Australia on any one occasion are not allowable.

Note:          The overall cap on expenses in respect of bringing buyers to Australia is $45,000 (see item 7 of the table in section 33).