representatives from the Department of Premier Step 3: Assessment process and Cabinet, the Department of Treasury and Applications will undergo a two-stage assessment Finance and the Department of Economic process. The first stage involves determining the Development, Jobs, Transport and Resources. proposed project’s eligibility. This will be done Where relevant, comments and advice will be by assessing the project’s ability to meet the core sought from a range of state government agencies. RIF criteria and the relevant program stream criteria. The first stage will also consider key risks Step 4: Approval process and issues associated with the project. The Minister for Regional Development will In the second the application will proceed to consider the advice received from the RIDC and the Regional Infrastructure Development where appropriate, advice from other Ministers, Committee (RIDC) for assessment prior to and determine whether or not to approve the consideration by the Minister for Regional application for funding. Development. In the case of applications seeking funding of The RIDC will make a recommendation to the $5 million or more, the Victorian Treasurer’s Minister after considering a range of matters authorisation is also required. including the project’s fit with the eligibility criteria, alignment with government policy, Applicants are advised of the decision relating to availability of funding, and the outcomes realised their application in writing. Successful applicants from previous funding, if any, provided to will receive a letter of offer from the Minister for the applicant. Regional Development. The letter of offer will outline the funding obligations attached to the The RIDC is chaired by RDV and includes offer of funding.
Step 3: Assessment process Applications will undergo a two-stage assessment process. The first stage involves determining the proposed project’s eligibility. This will be done by assessing the project’s ability to meet the core RIF criteria and the relevant program stream criteria. The first stage will also consider key risks and issues associated with the project. In the second the application will proceed to the Regional Infrastructure Development Committee (RIDC) for assessment prior to consideration by the Minister for Regional Development. The RIDC will make a recommendation to the Minister after considering a range of matters including the project’s fit with the eligibility criteria, alignment with government policy, availability of funding, and the outcomes realised from previous funding, if any, provided to the applicant. The RIDC is chaired by RDV and includes representatives from the Department of Premier and Cabinet, the Department of Treasury and Finance and the Department of Economic Development, Jobs, Transport and Resources. Where relevant, comments and advice will be sought from a range of state government agencies. Step 4: Approval process The Minister for Regional Development will consider the advice received from the RIDC and where appropriate, advice from other Ministers, and determine whether or not to approve the application for funding. In the case of applications seeking funding of $5 million or more, the Victorian Treasurer’s authorisation is also required. Applicants are advised of the decision relating to their application in writing. Successful applicants will receive a letter of offer from the Minister for Regional Development. The letter of offer will outline the funding obligations attached to the offer of funding.
RIF-application-guidelines-23_6_2015.docx