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 History of AITTIDF establishment  Approved purposes of the fund  Directors/contacts/website  Funding applications and procedures for approval  Question.

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Presentation on theme: " History of AITTIDF establishment  Approved purposes of the fund  Directors/contacts/website  Funding applications and procedures for approval  Question."— Presentation transcript:

1  History of AITTIDF establishment  Approved purposes of the fund  Directors/contacts/website  Funding applications and procedures for approval  Question and answer session Introduction to the Australian International Trade and Transport Industry Development Fund Limited ACN ABN

2 To provide grants to Australian international trade and transport industry participants to promote, support, advance or enhance:  e-commerce projects in Australia which benefit the commercial, operational, legislative and regulatory process supporting Australia’s international trade and transport industry;  Projects in Australia to assist Australian industry to facilitate international trade with its trading partners Approved purposes

3  Projects in Australia that encourage more efficient international supply chain solutions for Australian industry; and  Projects in Australia aimed at measurably increasing the level of skills and training in the international trade and transport industry, including participants in that industry. Approved purposes (cont’d)

4  The Directors are:  Mr Bob Fraser, Chairman (Director, Connor Anderson International) nominated by the CBFCA  Mr Geoff Clark (Export Control Advisor – Asia Pacific TNT) nominated by CAPEC  Mr Brian Lovell (CEO, Australian Federation of International Forwarders) nominated by AFIF  Ian Murray, AM (Executive Director, Australian Institute of Export) nominated by AIEX  Llew Russell, AM (CEO Shipping Australia Limited) nominated by SAL AITTIDF Directors/Contacts/Website

5  Company Secretary: Ms Catherine Wright AITTIDF Pty Ltd PO Box 1185, Ashfield, NSW website: AITTIDF Contacts

6  Management Summary  Including a summary of the proposal, details of the applicants organisation, contact details, etc  Relate project to the purposes of the Fund, summarise project cost, key benefits and time scale and sectoral organisations consulted  Background  e.g. outline of events that initiated the proposal  Objectives of the proposal  Exactly what will be achieved and how benefits can be measured in detail Project Proposals Pro-forma

7  Project Consultation including stakeholder commitment  Benefits to industry  Constraints such as forecast impediments to success  Risks  e.g impact of possible cancellation, overviews or failure  Include risk assessment mitigation strategy Project Proposals Pro-forma (cont’d)

8  Cost statement  Detail funds being sought and details of any follow-on costs to be borne by community users  A full statement of all expenditure areas including any necessary travel and accommodation, and other direct costs  Follow-on costs in detail Project Proposals Pro-forma (cont’d)

9  Intellectual Property  Project management and major milestones/deliverables  Project management, milestones for percentage of total funds sought  Written progress reports required each quarter, and audited financial statements to be supplied 60 days after the end of each financial year Project Proposals Pro-forma (cont’d)

10  Applications are sought where they are of demonstrable benefit to Australia’s international trade and transport industry as per the criteria already presented  The application needs to be acknowledged that the terms and conditions for funding applications have been read and understood (details on the website)  Reimbursement for costs incurred in the preparation of applications or in providing any further information requested to support the application will not be entertained Funding Applications

11  Funding may be made available:  on completion of a project  On completion of the milestones described in the proposal(s); or  In any other way that the Board agrees having regard to the nature of the proposal(s) provided funds are not used for ongoing support and maintenance.  Internal upgrades of current administrative infrastructure and capital grants will not qualify for grant expenditure, e.g. new computers, office furniture etc but specialist software could be considered. Funding Rules

12  If the applicant fails to complete project proposals within the specified milestones or in accordance with the specifications then the Board may not allocate balance of the funds and/or seek a refund of the funds already allocated.  Not more than 15% of available funds will be made available in any two year period but a higher limit could apply if there is unanimous Board agreement  Within this limit, a maximum of 50% of the total costs of the project unless the Board agrees otherwise but in-final contributions could be included in the applicant’s share of expenditure  The Board will, from time to time develop and promulgate the funding criteria Funding Rules (cont’d)


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