What it does
This instrument sets out merit criteria for assessing Commercial Ready program proposals and describes procedural and advisory roles for a program Board and the Program Delegate in relation to project variations, technical assessments and program administration. The text supplies (a) five merit criteria against which projects are to be judged (labelled Criterion 2 through Criterion 5 in the source); (b) a mechanism for the Program Delegate to refer proposed changes to an agreed project to the Board for assessment (Part 3, cl 9-11); (c) a role for the Board in conducting technical assessments on request (Part 4, cl 12-14); and (d) a role for the Board to provide non-financial advice to the Minister and to collect and analyse program performance data (Part 5, cl 15-16).
Mechanically, the instrument does the following. First, it lists indicators of merit for commercial potential (Criterion 2), technical strength and capability (Criterion 3), likely national benefits (Criterion 4) and need for funding (Criterion 5). These are expressed as examples of how merit may be indicated by an applicant (the company). Second, it creates a referral pathway: if a recipient seeks to vary an agreed project, the Program Delegate may request the Board to assess the proposal (Part 3, cl 9). Third, it sets the Board’s assessment task in relation to variations: the Board must determine the extent to which the changed project meets the Merit Criteria and whether the change would significantly improve outcomes, be consistent with the Program Guidelines’ policy objectives, and otherwise be appropriate (Part 3, cl 11(a)-(b)). Fourth, it authorises the Program Delegate to request the Board to assess technical matters relevant to eligibility, progress against technical milestones or technical compliance with agreement conditions, national benefits assessments, and other technical merit matters (Part 4, cl 12). The Board is required to have regard to any relevant policies in the Commercial Ready Program Guidelines when conducting technical assessments (Part 4, cl 13), and to provide assessments to the Program Delegate within a stated but flexible deadline (Part 3, cl 10; Part 4, cl 14). Fifth, the Board may advise the Minister on non-financial administration matters and may collect and analyse data on program performance, cooperating with independent evaluation (Part 5, cl 15-16).