Commonwealth Numbered Acts

EXPORT MARKET DEVELOPMENT GRANTS ACT 1974 No. 154 of 1974 - SECT 15

15. Subject to this Act, the grant entitlement of a claimant in relation to a
grant year is an amount equal to the sum of-

   (a)  85 per centum of the eligible expenditure incurred by the claimant
        during that year in relation to Government sponsored promotions;

   (b)  85 per centum of the sum of any other eligible expenditure, being-

        (i)    eligible expenditure incurred by the claimant during that year
               that related to new markets or, in the opinion of the Board,
               related primarily and principally to new markets; and

        (ii)   the eligible expenditure deemed, by virtue of sub-section 4
               (3), to have been incurred by the claimant during that year;
               and

   (c)  an amount equal to 60 per centum of any other eligible expenditure
        incurred by the claimant during that year.