The EMDG scheme is a key Australian Government financial assistance program for aspiring and current exporters. Administered by Austrade, the scheme supports a wide range of industry sectors and products, including inbound tourism and the export of intellectual property and know-how outside Australia.
The EMDG scheme provides businesses with the opportunity to receive a grant of up to $150k per year.
The scheme encourages small and medium sized Australian businesses to develop export markets and reimburses up to 50% of eligible export promotion expenses (above $5,000) provided that the total expenses are at least $15,000.
The business must have:
And must have promoted:
To qualify for an EMDG grant, your business must have:
And your product must be one of the following:
You may claim for expenditure on specific export promotional activities undertaken during the financial year before the application period. For your first grant you may claim expenses incurred over the last two financial years.
EMDG applications for the 2016 - 2017 grant year must be lodged from 1 July 2017 to mid-night (Australian Eastern Daylight Time (AEDT) i.e. Canberra time) Thursday 30 November 2017.
Applications are lodged online using an AUSkey.
Supporting documentation including financial statements, invoices or bank statements will be required.
Nexia Australia has a registered EMDG claim code. Contact us to discuss your position, to establish your eligibility and assist with your claim. We will ensure this business solution is smooth and successful.
For any questions or to discuss any of the above in relation to your personal situation, please contact Grantley Stevens or your Nexia Edwards Marshall Advisor.
The material contained in this publication is for general information purposes only and does not constitute professional advice or recommendation from Nexia Edwards Marshall. Regarding any situation or circumstance, specific professional advice should be sought on any particular matter by contacting your Nexia Edwards Marshall Advisor.