sch.32-sec.7Nature and amount of assistance

### sch.32-sec.7 Nature and amount of assistance The nature of assistance available under the scheme is a grant of financial assistance to an eligible entity for an eligible activity. A grant of financial assistance is not available for— funding an activity that commenced or was completed before an application for assistance under the scheme is made; or repairing or replacing existing capital infrastructure; or making payments towards a debt; or purchasing land; or undertaking training, or paying professional costs, not related to the eligible activity the subject of the application; or conducting feasibility studies; or paying administration costs. Also, a grant of financial assistance is not available unless the eligible entity meets the eligibility criteria. The amount of a grant of financial assistance under the scheme for an eligible activity— is based on the authority’s assessment of the applicant’s financial position, including the applicant’s ability to provide a cash contribution to the activity that is equal to, or more than, the amount of assistance the applicant is applying for; and must not be more than the amount the applicant will contribute to the activity. However, the maximum amount of a grant of financial assistance under the scheme for an eligible activity is $200,000. sch 32 s 7 ins 2018 SL No. 130 s 4 amd 2021 SL No. 149 s 5 (sch.32-sec.7-ssec.1) The nature of assistance available under the scheme is a grant of financial assistance to an eligible entity for an eligible activity. (sch.32-sec.7-ssec.2) A grant of financial assistance is not available for— funding an activity that commenced or was completed before an application for assistance under the scheme is made; or repairing or replacing existing capital infrastructure; or making payments towards a debt; or purchasing land; or undertaking training, or paying professional costs, not related to the eligible activity the subject of the application; or conducting feasibility studies; or paying administration costs. (sch.32-sec.7-ssec.3) Also, a grant of financial assistance is not available unless the eligible entity meets the eligibility criteria. (sch.32-sec.7-ssec.4) The amount of a grant of financial assistance under the scheme for an eligible activity— is based on the authority’s assessment of the applicant’s financial position, including the applicant’s ability to provide a cash contribution to the activity that is equal to, or more than, the amount of assistance the applicant is applying for; and must not be more than the amount the applicant will contribute to the activity. (sch.32-sec.7-ssec.5) However, the maximum amount of a grant of financial assistance under the scheme for an eligible activity is $200,000. - (a) funding an activity that commenced or was completed before an application for assistance under the scheme is made; or - (b) repairing or replacing existing capital infrastructure; or - (c) making payments towards a debt; or - (d) purchasing land; or - (e) undertaking training, or paying professional costs, not related to the eligible activity the subject of the application; or - (f) conducting feasibility studies; or - (g) paying administration costs. - (a) is based on the authority’s assessment of the applicant’s financial position, including the applicant’s ability to provide a cash contribution to the activity that is equal to, or more than, the amount of assistance the applicant is applying for; and - (b) must not be more than the amount the applicant will contribute to the activity.