June 23, 2022
EMDG - 2021/22 2nd Tranche Payment 37.375%
Austrade has announced that the 2nd Trance payments to be made from 2021/22 funds has been set at 37.375%. This is a gross disappointment for 2020/21 claimants, particularly when the 1st Trance payment was just $30,000. Funds from the 2021/22 allocation were also used to pay Tier 1 and Representative Body claims for the 2021/22 grant year. It has been estimated that these additional payments totalled around $26m. These are funds that would have otherwise been paid to 2020/21 claimants and would have resulted in a significant increase on the 37.375% now to be paid.
Austrade are intending to ensure all recipients of the 2nd Tranche receive their funds before 30th June '22..
June 22, 2022
EMDG - 2022/23 Claim Lodgement Window opens 6th July '22
The EMDG Portal for Round Two applications is to open at 9:00 am on Wednesday 6th July '22 AEST for six weeks, closing at 4:00 pm on Wednesday 17th Aug '22 AEST.
All 2022/23 EMDG Applications can only be lodged via the EMDG Portal and only during the above times. Applications cannot be lodged/accepted after the close date.
Austrade accepted an appeal from ECAI to extend the lodgment period from the original five weeks to six weeks.
May 30, 2022
EMDG - 2022/23 Claim Lodgement Window (Important Update)
The EMDG Portal was due to open tomorrow, May 31, to allow claimants to commence lodging their 2022/23 EMDGs. The last day of lodgement was due to be July 5. Austrade has paused the opening to provide time to brief the new Government.
Austrade will advise as soon as they have a new opening date.
It is expected that the five week lodgement window will be retained.
A further update will be advised when received.
May 24, 2022
EMDG - 2022/23 Claim Lodgement Window
Austrade will be opening the EMDG Portal on 31st May '22 to receive lodgements of 2022/23 EMDG claims. Claimants will also include expenses for 2023/24 and 2024/25. 6th year claimants will only be required to claim for 2022/23 and 2023/24. Similarly, 7th year claimants will only be required to submit their claim for the 2022/23 year.
Austrade has made minor changes to the lodgement requirements, mainly relating to Tier 1 claimants (not having exported previously). The Grant Guidelines for 2022/23 are now available.
The annual grant limits per Tier are:
Tier 1 $40,000 for up to 2 years
Tier 2 $80,000 for up to 3 years
Tier 3 $150,000 for up to 3 years
Representative Bodies $150,000 for up to 3 years
It is expected that Austrade will not pay these amounts as the results for 2021/22 claims show the maximum (CAP) amounts per Tier allocated were:
Tier 1 $15,000
Tier 2 $24,600
Tier 3 $36,600
Representative Bodies $90,000
Once all claims have been submitted, Austrade will then advise what the maximum (CAP) amounts will be per Tier, which will be based on the available funds available.This will be followed up with the issuing of the Grant Agreement, to be signed by both parties. Based on the 2021/22 EMDG lodgements, Tier 1 and Representative Bodies will receive their grant payments within the 2022/23 grant year. The grant amounts for 2021/22 due to Tier 1 and Representative Bodies are currently being paid by Austrade.
All claimants will be required to submit their milestone report and expenditure details by end Aug '23. Austrade may require further information, if not, then payment will be made for Tiers 2 & 3.. If should be noted that if the actual expenses are less than the estimated expenses included in the claim, the maximum amount payable will be 50% of the actual expenses or the amount in the Agreement, whichever is the lower. It is vitally important to ensure that the estimated expenses included in the claim are a true reflection of what may be incurred. It is not possible to modify the claimed amounts.
It should be noted that it is possible for Austrade to make a second payment if the amounts actually paid based on the outcomes of the milestone reports submitted are less than the CAP or other amount included in the Agreement. For this reason when submitting milestone reports it is strongly advised that ALL eligible expenses are included, not limited to the total grant payable times 2. This will ensure that claimants can receive a second payment if there are surplus actual expenses recorded.