21BNature of application

21B Nature of application

(1) Applications under section 21A must: (a) be made in writing; and (b) be lodged with the Authority after the commencement of this section and before the end of the bountiable period or, if a lesser period is specified in the regulations, within that lesser period; and (c) include details of any bounty that the applicant has received or is likely to receive in respect of bountiable yarn produced before the day of the application; and (d) include an estimate of the amount of bounty that the applicant would be likely to receive, but for the operation of this Part, in respect of bountiable yarn produced on or after the day of the application; and (e) include details of advances on account of bounty received or applied for before the day of application; and (f) include a business plan setting out the matters referred to in subsection (2); and (g) include an estimate of the grant sought to enable implementation of the business plan, indicating the date from which the grant is sought and the manner of its application; and (h) include such other information as may be prescribed. (2) A business plan referred to in subsection (1) must set out: (a) the applicant’s business objectives in relation to the production in Australia of bountiable yarn; and (b) the applicant’s business objectives in relation to the production in Australia of any other TCF products; and (c) the applicant’s business objectives in relation to export initiatives in respect of TCF products produced in Australia; and (d) the applicant’s objectives in relation to occupational and environmental health and safety issues arising in respect of the production of TCF products in Australia; and (e) the applicant’s plans for achieving the objectives referred to in paragraphs (a), (b), (c) and (d) in terms of: (i) organisational restructuring; and (ii) investment (including investment in plant, equipment and manufacturing systems); and (iii) research and development (both within and outside Australia); and (iv) erection of purpose‑built buildings; and (v) debt and equity financing; and (vi) sales and marketing; and (vii) any other matters considered likely to assist in meeting those objectives; during each financial year or part of a financial year ending after the date of the application and before the day following the end of the bounty period.