Criterion 5: Need for fundingCriterion 5: Need for funding

Criterion 5: Need for funding

Merit may be indicated by the applicant through:

• demonstrating a realistic project budget; and
• REDI funding is required for the project to progress satisfactorily, for one or more of the following reasons:
  • the applicant has insufficient resources to fund the entire project;
  • a longer time frame for project delivery would erode competitive advantage;
  • the technical risk of the project works against it proceeding; and/or
  • the applicant cannot adequately capture the benefits of the project that may justify government investment.

Criterion 6: Potential for greenhouse gas abatement

Merit may be indicated by the applicant through:

• demonstrating the potential to deliver significant greenhouse gas abatement in Australia or overseas through the market uptake of technology or product development under the project; and
• detailing greenhouse gas abatement projection for the project, consistent with the applicant’s business plan and market projections.

PART 3 – ASSESSMENT OF PROPOSALS FOR VARIATION TO THE GRANT PROJECT

10. If a recipient has submitted a proposal to the Department to vary its project (including by way of the addition of new activities, the discontinuance of existing activities, the substitution of new activities in the place of discontinued activities, a variation to the funding amount, or a variation to the project’s timeframe) the Program Delegate may refer the request to the Board for the Board’s assessment.

11. If the Board receives a request under clause 11, it must assess the proposal as soon as practicable and provide the assessment to the Program Delegate.

12. In undertaking an assessment of a proposal referred under clause 10, the Board will determine:

(a) the extent to which the changed project meets the merit criteria; and

(b) whether the change to the project would:

(i) significantly improve the outcomes of the project;

(ii) be consistent with, or promote, the program objectives; and

(iii) otherwise be appropriate in all the circumstances.

PART 4 – OTHER TECHNICAL ASSESSMENTS

13. The Program Delegate may request the Board to provide an assessment of any technical matter associated with applications, activities and projects, or any other matter relevant to a merit criterion, including:

(a) technical matters relating to the eligibility of applications, activities or projects against the definitions contained in these Directions;