is the difference between a contribution’ and an ‘cash ‘in-kind contribution’? Collectively, cash and in-kind contributions are as co-contributions. Cash contributions: A cash contribution is the actual money that an individual, group or organisation provides to the project. Cash contributions should be able to be seen as entries into a bank account. This needs to be included as part of the project budget. In-kind contributions: In-kind contributions are goods, services, equipment loans or labour that others provide to the project. An in-kind contribution may include, for example, contributed for a project manager, availability of office space, land, equipment ‘time’ that would otherwise need to be hired. Applicants should substantiate the value of the contributions based on reasonable market value of the resources brought to the project. This will need to be included as part of the project budget. a co-contribution compulsory? Activities on private land must include contributions. The option to include a co-contribution to the project is to balance significant private benefit of a project. Please refer to sections 5.5 of the guidelines. long will it take for applications to be assessed? Please refer to Part 7.2 of the guidelines regarding application process timing. All applicants will be informed of the outcome of their applications. are the tax implications of receiving a grant? If you receive a grant, you should consider speaking to a tax advisor about the effect of receiving a grant before you enter into a grant agreement. You can also visit the for more information. can I start my project? A recipient must not commence work on the Project before a funding agreement is executed with the Department. Payment will not be backdated for activities that commenced before the execution of the funding agreement, and no payments will be made unless a funding agreement has been executed. Please refer to section 7.2 of the guidelines for application process timing. New question and answer added 26 October have clicked the imbedded hyperlink in point 2.5 of the Grant Opportunity Guidelines and am unable to locate the government’s priorities report and background reports on regional priorities that are specified to be available on at the Australian Government’s natural resource management website.
is the difference between a ‘cash contribution’ and an ‘in-kind contribution’? Collectively, cash and in-kind contributions are as co-contributions. Cash contributions: A cash contribution is the actual money that an individual, group or organisation provides to the project. Cash contributions should be able to be seen as entries into a bank account. This needs to be included as part of the project budget. In-kind contributions: In-kind contributions are goods, services, equipment loans or labour that others provide to the project. An in-kind contribution may include, for example, contributed ‘time’ for a project manager, availability of office space, land, equipment that would otherwise need to be hired. Applicants should substantiate the value of the contributions based on reasonable market value of the resources brought to the project. This will need to be included as part of the project budget. a co-contribution compulsory? Activities on private land must include contributions. The option to include a co-contribution to the project is to balance significant private benefit of a project. Please refer to sections 5.5 of the guidelines. long will it take for applications to be assessed? Please refer to Part 7.2 of the guidelines regarding application process timing. All applicants will be informed of the outcome of their applications. are the tax implications of receiving a grant? If you receive a grant, you should consider speaking to a tax advisor about the effect of receiving a grant before you enter into a grant agreement. You can also visit the for more information. can I start my project? A recipient must not commence work on the Project before a funding agreement is executed with the Department. Payment will not be backdated for activities that commenced before the execution of the funding agreement, and no payments will be made unless a funding agreement has been executed. Please refer to section 7.2 of the guidelines for application process timing. New question and answer added 26 October have clicked the imbedded hyperlink in point 2.5 of the Grant Opportunity Guidelines and am unable to locate the government’s priorities report and background reports on regional priorities that are specified to be available on at the Australian Government’s natural resource management website.
smart_farms_small_grants_qas_2_november.docx