sch.56-sec.15Additional conditions of assistance—establishment assistance

### sch.56-sec.15 Additional conditions of assistance—establishment assistance Payment of establishment assistance under the scheme to an approved applicant for the assistance is subject to the conditions stated in this section. Before receiving establishment assistance, the applicant must— carry out, and pay for, each establishment activity for the eligible business in relation to which the application was approved; and give the authority a receipt for payment of the cost of each of the establishment activities. The receipt must include the following— the name and address of the entity that issued the receipt; if the entity has an Australian Company Number or an Australian Business Number— the number; or if the entity has both numbers—either number; the date the cost was incurred; a description of each of the establishment activities, including— the approved premises of the eligible business at which the activity was carried out; and the cost of the activity. The financial agreement for establishment assistance must include the following terms— the applicant must carry out, and pay for, each establishment activity for the eligible business in relation to which the application was approved within 90 days after the approval; the applicant must carry on the business, at each approved premises of the business, for a continuous period— starting on the day after the activity, or the last of the activities, is carried out; and ending on the earlier of— the day that is 3 years after the period starts; or the day the scheme closes; if the applicant stops complying with the term mentioned in paragraph (b) in relation to any of the premises (the non-compliant premises ) during the period mentioned in paragraph (b) , the applicant must, for the non-compliant premises, repay to the authority the amount worked out using the following formula— where— EA means the total amount of the assistance paid to the applicant. AP means the total number of approved premises of the business. P means— if the applicant stops complying within 6 months after the assistance is paid—90%; or if the applicant stops complying more than 6 months, but not more than 1 year, after the assistance is paid—80%; or if the applicant stops complying more than 1 year, but not more than 18 months, after the assistance is paid—70%; or if the applicant stops complying more than 18 months, but not more than 2 years, after the assistance is paid—60%; or if the applicant stops complying more than 2 years, but not more than 30 months, after the assistance is paid—50%; or if the applicant stops complying more than 30 months, but not more than 3 years, after the assistance is paid—40%. sch 56 s 15 ins 2023 SL No. 183 s 3 (sch.56-sec.15-ssec.1) Payment of establishment assistance under the scheme to an approved applicant for the assistance is subject to the conditions stated in this section. (sch.56-sec.15-ssec.2) Before receiving establishment assistance, the applicant must— carry out, and pay for, each establishment activity for the eligible business in relation to which the application was approved; and give the authority a receipt for payment of the cost of each of the establishment activities. (sch.56-sec.15-ssec.3) The receipt must include the following— the name and address of the entity that issued the receipt; if the entity has an Australian Company Number or an Australian Business Number— the number; or if the entity has both numbers—either number; the date the cost was incurred; a description of each of the establishment activities, including— the approved premises of the eligible business at which the activity was carried out; and the cost of the activity. (sch.56-sec.15-ssec.4) The financial agreement for establishment assistance must include the following terms— the applicant must carry out, and pay for, each establishment activity for the eligible business in relation to which the application was approved within 90 days after the approval; the applicant must carry on the business, at each approved premises of the business, for a continuous period— starting on the day after the activity, or the last of the activities, is carried out; and ending on the earlier of— the day that is 3 years after the period starts; or the day the scheme closes; if the applicant stops complying with the term mentioned in paragraph (b) in relation to any of the premises (the non-compliant premises ) during the period mentioned in paragraph (b) , the applicant must, for the non-compliant premises, repay to the authority the amount worked out using the following formula— where— EA means the total amount of the assistance paid to the applicant. AP means the total number of approved premises of the business. P means— if the applicant stops complying within 6 months after the assistance is paid—90%; or if the applicant stops complying more than 6 months, but not more than 1 year, after the assistance is paid—80%; or if the applicant stops complying more than 1 year, but not more than 18 months, after the assistance is paid—70%; or if the applicant stops complying more than 18 months, but not more than 2 years, after the assistance is paid—60%; or if the applicant stops complying more than 2 years, but not more than 30 months, after the assistance is paid—50%; or if the applicant stops complying more than 30 months, but not more than 3 years, after the assistance is paid—40%. - (a) carry out, and pay for, each establishment activity for the eligible business in relation to which the application was approved; and - (b) give the authority a receipt for payment of the cost of each of the establishment activities. - (a) the name and address of the entity that issued the receipt; - (b) if the entity has an Australian Company Number or an Australian Business Number— (i) the number; or (ii) if the entity has both numbers—either number; - (i) the number; or - (ii) if the entity has both numbers—either number; - (c) the date the cost was incurred; - (d) a description of each of the establishment activities, including— (i) the approved premises of the eligible business at which the activity was carried out; and (ii) the cost of the activity. - (i) the approved premises of the eligible business at which the activity was carried out; and - (ii) the cost of the activity. - (i) the number; or - (ii) if the entity has both numbers—either number; - (i) the approved premises of the eligible business at which the activity was carried out; and - (ii) the cost of the activity. - (a) the applicant must carry out, and pay for, each establishment activity for the eligible business in relation to which the application was approved within 90 days after the approval; - (b) the applicant must carry on the business, at each approved premises of the business, for a continuous period— (i) starting on the day after the activity, or the last of the activities, is carried out; and (ii) ending on the earlier of— (A) the day that is 3 years after the period starts; or (B) the day the scheme closes; - (i) starting on the day after the activity, or the last of the activities, is carried out; and - (ii) ending on the earlier of— (A) the day that is 3 years after the period starts; or (B) the day the scheme closes; - (A) the day that is 3 years after the period starts; or - (B) the day the scheme closes; - (c) if the applicant stops complying with the term mentioned in paragraph (b) in relation to any of the premises (the non-compliant premises ) during the period mentioned in paragraph (b) , the applicant must, for the non-compliant premises, repay to the authority the amount worked out using the following formula— where— EA means the total amount of the assistance paid to the applicant. AP means the total number of approved premises of the business. P means— (a) if the applicant stops complying within 6 months after the assistance is paid—90%; or (b) if the applicant stops complying more than 6 months, but not more than 1 year, after the assistance is paid—80%; or (c) if the applicant stops complying more than 1 year, but not more than 18 months, after the assistance is paid—70%; or (d) if the applicant stops complying more than 18 months, but not more than 2 years, after the assistance is paid—60%; or (e) if the applicant stops complying more than 2 years, but not more than 30 months, after the assistance is paid—50%; or (f) if the applicant stops complying more than 30 months, but not more than 3 years, after the assistance is paid—40%. - (a) if the applicant stops complying within 6 months after the assistance is paid—90%; or - (b) if the applicant stops complying more than 6 months, but not more than 1 year, after the assistance is paid—80%; or - (c) if the applicant stops complying more than 1 year, but not more than 18 months, after the assistance is paid—70%; or - (d) if the applicant stops complying more than 18 months, but not more than 2 years, after the assistance is paid—60%; or - (e) if the applicant stops complying more than 2 years, but not more than 30 months, after the assistance is paid—50%; or - (f) if the applicant stops complying more than 30 months, but not more than 3 years, after the assistance is paid—40%. - (i) starting on the day after the activity, or the last of the activities, is carried out; and - (ii) ending on the earlier of— (A) the day that is 3 years after the period starts; or (B) the day the scheme closes; - (A) the day that is 3 years after the period starts; or - (B) the day the scheme closes; - (A) the day that is 3 years after the period starts; or - (B) the day the scheme closes; - (a) if the applicant stops complying within 6 months after the assistance is paid—90%; or - (b) if the applicant stops complying more than 6 months, but not more than 1 year, after the assistance is paid—80%; or - (c) if the applicant stops complying more than 1 year, but not more than 18 months, after the assistance is paid—70%; or - (d) if the applicant stops complying more than 18 months, but not more than 2 years, after the assistance is paid—60%; or - (e) if the applicant stops complying more than 2 years, but not more than 30 months, after the assistance is paid—50%; or - (f) if the applicant stops complying more than 30 months, but not more than 3 years, after the assistance is paid—40%.