June EMDG Newsletter.
EMDG is all about “reelin’ in the years.”, as the Steely Dan song goes.
2023/2024
This year is covered by Rounds 1, 2 and 3 applications.
Your current reporting requirement, your “2024 Milestone Report” is to record overseas marketing costs
you have spent from 1st July 2023 to 30th June 2024 – still 15 days to go.
You must spend your money in that period, EMDG works on a paid basis.
You are then paid at the rate of 50% of your costs, up to the capped figure per your original application and grant offer/agreement.
Note: You cannot claim for costs paid post July 1.
Round 1 and 2 applicants do not have any EMDG coverage for 2024/2025.
The sooner you lodge your milestone report, the better.
If you have not spent any money in 2023/2034, that’s ok, let us know and we will prepare a nil $ milestone report for you.
2024/2025
The “skipped” year or the “lost” year for EMDG.
Only Round 3 applicants have EMDG coverage for next financial year.
Most exporters do not.
2025/2026
This is when EMDG starts up again.
EMDG Round 4 will cover that year and beyond.
All applicants will have to re-apply afresh for EMDG support post July 1, 2025. None of the current grant agreements cover this period.
• Rounds 1 and 2 as mentioned above only covers to 30th June 2024, the end of this month.
• Round 3 ends June 30th, 2025.
There are new rules and not every past EMDG applicant will be able to access the scheme as before.
See prior newsletters for a more detailed analysis of things.
The lodgement period for applications will be either late this year or early next year, it is yet to be announced.
Detailed application guidelines are yet to released; I expect that will happen with a rush in the coming months.
There is nothing to do at this time.
We will reach out to you in the coming months – August/September/October.
Our focus currently is to complete the Milestone reports for Rounds 1, 2 and 3 (those we have not yet lodged).
All the best for EOFY!
Stuart & team