Updated 9 April 2020
The Morrison Government will inject an extra $49.8 million into the Export Market Development Grants (EMDG) program in the 2019–20 financial year, allowing exporters and tourism businesses to get additional reimbursements for costs incurred in marketing their products and services around the world.
Any business which has incurred eligible EMDG expenses for promotional activities in 2019-20 financial year will be able to seek reimbursement for 50 per cent of these expenses (to a maximum of $150,000) without the Export Performance Test applying, when they apply from July 1.
This is in recognition that many exporters would have spent more on marketing expenses with the expectation they would see export income high enough to meet the export performance test.
Additionally, applications lodged in the 2020-21 financial year can claim expenses even if events have been cancelled due to circumstances beyond a business’s control.