Project Outcomes. Outline the project outcomes achieved by the project end date. Do the achieved project outcomes align with those specified in the grant agreement? yes no If no, explain why. Attach copies of any published reports and promotional material, relating to the project, and list them below. Are there any planned events relating to the project that you are required to notify us about in accordance with your agreement? yes no If yes, provide details of the event including date, time, purpose of the event and key stakeholders expected to attend. The number of researchers that have accessed mentoring, exchange programs or industry placements in this reporting period Mentoring Exchange programs Industry placements Project benefits What benefits has the project achieved? What ongoing impact will the project have? Did the project result in any unexpected benefits? yes no If yes, explain why. Is there any other information you wish to provide about your project? yes no If yes, provide details. Total eligible project expenditure Complete the following table, showing the total actual [eligible] expenditure incurred on the project. All expenditure should be GST inclusive, less GST credits you can claim. We may ask you to provide evidence of costs incurred. Refer to the Genomics Health Futures Mission – Projects Grant Opportunity guidelines or contact us if you have any questions about eligible expenditure. Eligible expenditure items Total Labour expenditure $ Contract expenditure $ Domestic expenditure $ Staff training Other eligible expenditure $ Total eligible expenditure $ Attach evidence of total eligible expenditure incurred for the project. List the attached documents below against the relevant expenditure items. Was the expenditure incurred in accordance with the activity budget in the grant agreement? yes no If no, explain the reason for a project underspend or overspend, or any other significant changes to the budget. Project funding Complete the following table for all cash contributions to your project. This includes your own contributions as well as any contributions from government (except this grant), project partners or others. Insert rows as required. Contributor Total $ $ Total $ Complete the following table for all in-kind contributions to your project. This includes your own in-kind contributions as well as any contributions from government, project partners or others. Insert rows as required. Contributor In-kind support provided Value $ $ Total $ Updated business indicators Complete the following table for your organisation. These fields are mandatory and entering $0 is acceptable if applicable. If they clearly do not apply to your organisation you may enter n/a (not applicable). Recent trading performance Latest complete financial year [yyyy-yy] Sales revenue (turnover) $ Export revenue $ R&D expenditure $ Taxable income $ Number of employees including working proprietors and salaried directors (headcount) Number of independent contractors (headcount) Bank account details Have your bank account details changed since your last payment? yes no If yes, we will provide you with a form to complete your new bank details. Certification I ...............................................................being a person duly authorised by the grantee hereby certify that: the information in this report is accurate, complete and not misleading and that I understand the giving of false or misleading information is a serious offence under the Criminal Code 1995 (Cth). the grant was spent in accordance with the grant agreement. I am aware of the grantee’s obligations under their grant agreement, including survival clauses. I am aware that the grant agreement empowers the Commonwealth to terminate the grant agreement and to request repayment of funds paid to the grantee where the grantee is in breach of the grant agreement. Signed Date [Position/ title] Appendix 3 Medical Research Future Fund - Researcher Exchange and Development within Industry Program (REDI) - Independent audit report Background These templates assist grant recipients (and their auditors) to understand the audit requirements under a Medical Research Future Fund - REDI grant agreement. For further information contact us on 13 28 46 or at ▇▇▇▇▇▇▇▇.▇▇▇.▇▇. All [Medical Research Future Fund - Researcher Exchange and Development within Industry Program (REDI)] grant recipients enter into a grant agreement with the Commonwealth. Under this grant agreement, when an independent audit report is required the grant recipient must provide us with: a statement of grant income and expenditure against the expenditure categories under the grant agreement (attachment A) an independent audit report on the statement of grant income and expenditure (attachment B) certification of certain matters by the auditor (attachment C). You can find additional information on Medical Research Future Fund - REDI at ▇▇▇▇▇▇▇▇.▇▇▇.▇▇ or by calling us on 13 28 46. Eligible expenditure Advice on eligible expenditure for projects under the Medical Research Future Fund - REDI can be found in Medical Research Future Fund -REDI program guidelines. These guidelines are revised from time to time and therefore more than one version of the document may exist. For Medical Research Future Fund - REDI grant recipients, the relevant guidelines are those that were effective at the time the application was accepted. It is essential that grant recipients and their auditors understand the Medical Research Future Fund - REDI eligible expenditure requirements because these determine whether, and the extent to which, certain costs are reportable and claimable. The amount of grant funding we approve is based on the grant recipient’s estimated eligible expenditure, as provided in their application. However, the grant funding any grant recipient is ultimately entitled to receive is determined against actual eligible expenditure incurred and paid for on the project. The grant amount specified in the grant agreement is the maximum amount the grant recipient may be paid. The expenditure reported in the ’statement of grant income and expenditure’ at attachment A must represent actual ‘eligible expenditure’ paid on the project during that period. Attachment A – Statement of grant income and expenditure Medical Research Future Fund – Researcher Exchange and Development within Industry Program (REDI) Project number [project number] Grant recipient [organisation] Project title [project title] Reporting period start date [project start date or other reporting period start date] Reporting period end date [project end date or other reporting period end date] This statement of grant income and expenditure must be prepared by the grant recipient and contain the following: Statement of funds, grant recipient contributions and other financial assistance* Statement of eligible expenditure* Notes to the statement of eligible expenditure, explaining the basis of compilation Certification by directors of the grant recipient *We will compare this information to that detailed in the grant agreement. Statement of funds, grant recipient contributions and other financial assistance Complete the following table for all cash [and in-kind] contributions for your project for the period in question, including the Medical Research Future Fund - REDI grant other government funding your own contributions partner or other third party contributions any additional private sector funding. Insert rows as required. Contributor Cash amount (GST excl) [Estimated in-kind amount (GST excl)] Total (GST excl) Medical Research Future Fund - REDI grant $[enter amount] $[enter amount] $[enter amount] Grant recipient $[enter amount] $[enter amount] $[enter amount] [enter contributor] $[enter amount] $[enter amount] $[enter amount] [enter contributor] $[enter amount] $[enter amount] $[enter amount] Statement of eligible expenditure You must provide detail of the eligible expenditure that has been incurred and paid for during the reporting period in the ‘Statement of eligible expenditure’ spreadsheet. Comment on any variance between the expenditure items and amounts detailed in the grant agreement and the actual items and amounts detailed in the attached statement of eligible expenditure. [enter details] Note to the statement of eligible expenditure. Eligible expenditure The eligible expenditure as reported in the statement of eligible expenditure is in accordance with the Medical Research Future Fund - REDI program guidelines. Basis of compilation This statement of eligible expenditure has been prepared to meet the requirements of the grant agreement between [enter grant recipient name] and the Commonwealth represented by the Department of Industry, Innovation and Science. Significant accounting policies applied in the compilation of the statement of grant income and expenditure include the following: [enter details] Certification by directors [if not director, replace with appropriate equivalent] [Grant recipient name] [Project number] For the period [dd/ mm/yyyy] to [dd/ mm/yyyy] We confirm that, to the best of our knowledge and believe, having made such enquiries as we considered necessary for the purpose of appropriately informing ourselves: Statement of grant income and expenditure We have fulfilled our responsibilities for the preparation of the statement of grant income and expenditure in accordance with the cash basis of accounting and the terms of the grant agreement with the Commonwealth, represented by the Department of Industry, Innovation and Science dated [enter date]; in particular, the statement of grant income and expenditure presents fairly in accordance therewith. All events subsequent to the date of the statement of grant income and expenditure which require adjustment or disclosure so as to present fairly the statement of grant income and expenditure, have been adjusted or disclosed. [Where applicable] The effects of uncorrected misstatements are immaterial, both individually and in the aggregate, to the statement of grant income and expenditure as a whole. A list of the uncorrected misstatements is attached to this representation letter. That all grant recipient contributions and other financial assistance were spent for the purpose of the project and in accordance with the grant agreement and that the grant recipient has complied with the grant agreement and relevant accounting policies. That salaries and allowances paid to persons involved in the project are in accordance with any applicable award or agreement in force under any relevant law on industrial or workplace relations. Signature Name [enter name] Director Date [dd/mm/yyyy] Signature Name [enter name] Director Date [dd/mm/yyyy] For Auditor use only I certify that this statement of grant income and expenditure is the one used to prepare my independent audit report dated [enter date] for the Department of Industry, Innovation and Science. Signature Name [enter name] Position [enter position] Auditor’s employer [enter employer name] Date [dd/mm/yyyy] Attachment B - Independent audit report Background for auditors The purpose of the independent audit report is to provide us with an auditor's opinion on the grant recipient’s statement of grant income and expenditure. The statement of grant income and expenditure is prepared by the grant recipient to correspond with the expenditure reported to the department by the grant recipient for the same period, in the process of claiming grant payments. The independent audit report must be prepared by a person who is an approved auditor. An approved auditor is a person who is: registered as a company auditor under the Corporations ▇▇▇ ▇▇▇▇ or an appropriately qualified member of Chartered Accountants Australia and New Zealand, or of CPA Australia or the Institute of Public Accountants; and not a principal, member, shareholder, officer, agent, subcontractor or employee of the grant recipient or of a related body corporate or a Connected Entity. The audit should be undertaken and reported in accordance with Australian Auditing Standards. The independent audit report must follow the required format and include any qualification regarding the matters on which the auditor provides an opinion. We may follow up any qualifications with the grant recipient or auditor. The independent audit report must be submitted on the auditor's letterhead. Auditors must comply with the professional requirements of Chartered Accountants Australia and New Zealand, CPA Australia and the Institute of Public Accountants in the conduct of their audit. If the auditor forms an opinion that the statement of grant income and expenditure does not give a true and fair view of the eligible expenditure for the period, the independent audit report should be qualified and the error quantified in the qualification section of the independent audit report. The required independent audit report format follows. Auditor’s report Independent audit report in relation to [grant recipient name]’s statement of grant income and expenditure to the Commonwealth, represented by the Department of Industry, Innovation and Science (the department). We have audited: the accompanying statement of grant income and expenditure of [grant recipient name] for the period [dd/mm/yyyy] to [dd/mm/yyyy], a summary of significant accounting policies and other explanatory information, and management’s attestation statement thereon (together “the financial statement”). The financial statement has been prepared by management using the cash basis of accounting described in note 3.2 to the financial statement; and [grant recipient name]'s compliance with the terms of the grant agreement between [grant recipient name] and the Commonwealth dated [date of agreement] for the period [dd/mm/yyyy] to [dd/mm/yyyy] (the grant agreement). We have: reviewed [grant recipient name]’s statement of labour costs in support of its claim of eligible expenditure[; and performed limited assurance procedures on [grant recipient name]’s statement of employee numbers under the grant agreement]. Management is responsible for: the preparation and fair presentation of the financial statement in accordance with the basis of accounting described in note 3.2, this includes determining that the cash basis of accounting is an acceptable basis for the preparation of the financial statement in accordance with the grant agreement; compliance with the terms of the grant agreement; the preparation of the statement of employee numbers and labour costs in support of eligible expenditure; and such internal control as management determines is necessary to: enable the preparation of the financial statement and the statement of [employee numbers and ]labour costs that are free from material misstatement, whether due to fraud or error; and enable compliance with the terms of the grant agreement. Our responsibilities are: To express an opinion, based on our audit, on: the financial statement; and [Grant recipient name]’s compliance, in all material respects, with the terms of the grant agreement; and To conclude based on: our review procedures, on the statement of labour costs; and our limited assurance procedures on the statement of employee numbers. We conducted our audit of the financial statement in accordance with Australian Auditing Standards; our audit of compliance with the grant agreement in accordance with ASAE 3100, our review of the statement of labour costs in accordance with ASRE 2405[; and our limited assurance procedures on employee numbers in accordance with ASAE 3000]. The applicable Standards require that we comply with relevant ethical requirements and plan and perform our work to: obtain reasonable assurance about whether the financial statement is free from material misstatement and that [grant recipient name] has complied, in all material respects, with the terms of the grant agreement; and obtain limited assurance as to whether anything has come to our attention that causes us to believe that the statements of employee numbers and labour costs are materially misstated. An audit involves performing procedures to obtain au
Appears in 1 contract
Sources: Grant Agreement
Project Outcomes. Outline the project outcomes achieved by the project end date. Do the achieved project outcomes align with those specified in the grant agreement? yes no If no, explain why. Attach copies of any published reports and promotional material, relating to the project, and list them below. Are there any planned events relating to the project that you are required to notify us about in accordance with your agreement? yes no If yes, provide details of the event including date, time, purpose of the event and key stakeholders expected to attend. The number of researchers that have accessed mentoring, exchange programs or industry placements in this reporting period Mentoring Exchange programs Industry placements Project benefits What benefits has the project achieved? What ongoing impact will the project have? Did the project result in any unexpected benefits? yes no If yes, explain why. Is there any other information you wish to provide about your project? yes no If yes, provide details. Total eligible project expenditure Complete the following table, showing Indicate the total actual [eligible] eligible project expenditure incurred on incurred. Eligible expenditure is divided into the projectsame categories as the budget in your application. All expenditure should be GST inclusive, less GST credits you can claim. We may ask you to provide evidence of costs incurred. Refer to the Genomics Health Futures Mission – Projects Grant Opportunity grant opportunity guidelines or contact us if you have any questions about eligible expenditure. Eligible expenditure items Total Labour expenditure $ Contract expenditure $ Domestic expenditure $ Staff training Other eligible expenditure $ Total eligible expenditure $ Attach evidence of total eligible expenditure incurred for the projectProvide any comments you may have to clarify any figures. List the attached documents below against the relevant expenditure items. Was the expenditure incurred in accordance with the activity budget in the grant agreement? yes no If no, explain the reason for a project underspend or overspend, or any other significant changes to the budget. Project funding Complete the following table for Provide details of all cash contributions to your project. This includes your own contributions as well as any contributions from government (except this grant), project partners or others. Insert rows as required. Contributor Total $ $ Total $ Complete the following table for all in-kind contributions to your project. This includes your own in-kind contributions as well as any contributions from government, project partners or others. Insert rows as required. Contributor In-kind support provided Value $ $ Total $ Updated business indicators Complete Provide the following table financial data for your organisation. organisation for your latest complete financial year These fields are mandatory and entering $0 is acceptable if applicable. If they clearly do not apply to your organisation you may enter n/a (not applicable). Recent trading performance Latest complete financial Financial year [yyyy-yy] completed Sales revenue (turnover) $ Export revenue $ R&D expenditure $ Taxable income $ Number of employees including working proprietors and salaried directors (headcount) Number of independent contractors (headcount) Bank account details Have your bank account details changed since your last payment? yes no If yes, we will provide you with a form to complete your new bank details. Certification I ...............................................................being a person duly authorised by the grantee hereby certify that: the information in this report is accurate, complete and not misleading and that I understand the giving of false or misleading information is a serious offence under the Criminal Code 1995 (Cth). the grant was spent in accordance with the grant agreement. I am aware of the grantee’s obligations under their grant agreement, including survival clauses. I am aware that the grant agreement empowers the Commonwealth to terminate the grant agreement and to request repayment of funds paid to the grantee where the grantee is in breach of the grant agreement. Signed Date [Position/ title] Appendix 3 Medical Research Future Fund - Researcher Exchange and Development within Industry Program (REDI) - Independent audit report Background These templates assist grant recipients (and their auditors) to understand the audit requirements under a Medical Research Future Fund - REDI grant agreement. For further information contact us on 13 28 46 or at ▇▇▇▇▇▇▇▇.▇▇▇.▇▇. All [Medical Research Future Fund - Researcher Exchange and Development within Industry Program (REDI)] grant recipients enter into a grant agreement with the Commonwealth. Under this grant agreement, when an independent audit report is required the grant recipient must provide us with: a statement of grant income and expenditure against the expenditure categories under the grant agreement (attachment A) an independent audit report on the statement of grant income and expenditure (attachment B) certification of certain matters by the auditor (attachment C). You can find additional information on Medical Research Future Fund - REDI at ▇▇▇▇▇▇▇▇.▇▇▇.▇▇ or by calling us on 13 28 46. Eligible expenditure Advice on eligible expenditure for projects under the Medical Research Future Fund - REDI can be found in Medical Research Future Fund -REDI program guidelines. These guidelines are revised from time to time and therefore more than one version of the document may exist. For Medical Research Future Fund - REDI grant recipients, the relevant guidelines are those that were effective at the time the application was accepted. It is essential that grant recipients and their auditors understand the Medical Research Future Fund - REDI eligible expenditure requirements because these determine whether, and the extent to which, certain costs are reportable and claimable. The amount of grant funding we approve is based on the grant recipient’s estimated eligible expenditure, as provided in their application. However, the grant funding any grant recipient is ultimately entitled to receive is determined against actual eligible expenditure incurred and paid for on the project. The grant amount specified in the grant agreement is the maximum amount the grant recipient may be paid. The expenditure reported in the ’statement of grant income and expenditure’ at attachment A must represent actual ‘eligible expenditure’ paid on the project during that period. Attachment A – Statement of grant income and expenditure Medical Research Future Fund – Researcher Exchange and Development within Industry Program (REDI) Project number [project number] Grant recipient [organisation] Project title [project title] Reporting period start date [project start date or other reporting period start date] Reporting period end date [project end date or other reporting period end date] This statement of grant income and expenditure must be prepared by the grant recipient and contain the following: Statement of funds, grant recipient contributions and other financial assistance* Statement of eligible expenditure* Notes to the statement of eligible expenditure, explaining the basis of compilation Certification by directors of the grant recipient *We will compare this information to that detailed in the grant agreement. Statement of funds, grant recipient contributions and other financial assistance Complete the following table for all cash [and in-kind] contributions for your project for the period in question, including the Medical Research Future Fund - REDI grant other government funding your own contributions partner or other third party contributions any additional private sector funding. Insert rows as required. Contributor Cash amount (GST excl) [Estimated in-kind amount (GST excl)] Total (GST excl) Medical Research Future Fund - REDI grant $[enter amount] $[enter amount] $[enter amount] Grant recipient $[enter amount] $[enter amount] $[enter amount] [enter contributor] $[enter amount] $[enter amount] $[enter amount] [enter contributor] $[enter amount] $[enter amount] $[enter amount] Statement of eligible expenditure You must provide detail of the eligible expenditure that has been incurred and paid for during the reporting period in the ‘Statement of eligible expenditure’ spreadsheet. Comment on any variance between the expenditure items and amounts detailed in the grant agreement and the actual items and amounts detailed in the attached statement of eligible expenditure. [enter details] Note to the statement of eligible expenditure. Eligible expenditure The eligible expenditure as reported in the statement of eligible expenditure is in accordance with the Medical Research Future Fund - REDI program guidelines. Basis of compilation This statement of eligible expenditure has been prepared to meet the requirements of the grant agreement between [enter grant recipient name] and the Commonwealth represented by the Department of Industry, Innovation and Science. Significant accounting policies applied in the compilation of the statement of grant income and expenditure include the following: [enter details] Certification by directors [if not director, replace with appropriate equivalent] [Grant recipient name] [Project number] For the period [dd/ mm/yyyy] to [dd/ mm/yyyy] We confirm that, to the best of our knowledge and believe, having made such enquiries as we considered necessary for the purpose of appropriately informing ourselves: Statement of grant income and expenditure We have fulfilled our responsibilities for the preparation of the statement of grant income and expenditure in accordance with the cash basis of accounting and the terms of the grant agreement with the Commonwealth, represented by the Department of Industry, Innovation and Science dated [enter date]; in particular, the statement of grant income and expenditure presents fairly in accordance therewith. All events subsequent to the date of the statement of grant income and expenditure which require adjustment or disclosure so as to present fairly the statement of grant income and expenditure, have been adjusted or disclosed. [Where applicable] The effects of uncorrected misstatements are immaterial, both individually and in the aggregate, to the statement of grant income and expenditure as a whole. A list of the uncorrected misstatements is attached to this representation letter. That all grant recipient contributions and other financial assistance were spent for the purpose of the project and in accordance with the grant agreement and that the grant recipient has complied with the grant agreement and relevant accounting policies. That salaries and allowances paid to persons involved in the project are in accordance with any applicable award or agreement in force under any relevant law on industrial or workplace relations. Signature Name [enter name] Director Date [dd/mm/yyyy] Signature Name [enter name] Director Date [dd/mm/yyyy] For Auditor use only I certify that this statement of grant income and expenditure is the one used to prepare my independent audit report dated [enter date] for the Department of Industry, Innovation and Science. Signature Name [enter name] Position [enter position] Auditor’s employer [enter employer name] Date [dd/mm/yyyy] Attachment B - Independent audit report Background for auditors The purpose of the independent audit report is to provide us with an auditor's opinion on the grant recipient’s statement of grant income and expenditure. The statement of grant income and expenditure is prepared by the grant recipient to correspond with the expenditure reported to the department by the grant recipient for the same period, in the process of claiming grant payments. The independent audit report must be prepared by a person who is an approved auditor. An approved auditor is a person who is: registered as a company auditor under the Corporations ▇▇▇ ▇▇▇▇ or an appropriately qualified member of Chartered Accountants Australia and New Zealand, or of CPA Australia or the Institute of Public Accountants; and not a principal, member, shareholder, officer, agent, subcontractor or employee of the grant recipient or of a related body corporate or a Connected Entity. The audit should be undertaken and reported in accordance with Australian Auditing Standards. The independent audit report must follow the required format and include any qualification regarding the matters on which the auditor provides an opinion. We may follow up any qualifications with the grant recipient or auditor. The independent audit report must be submitted on the auditor's letterhead. Auditors must comply with the professional requirements of Chartered Accountants Australia and New Zealand, CPA Australia and the Institute of Public Accountants in the conduct of their audit. If the auditor forms an opinion that the statement of grant income and expenditure does not give a true and fair view of the eligible expenditure for the period, the independent audit report should be qualified and the error quantified in the qualification section of the independent audit report. The required independent audit report format follows. Auditor’s report Independent audit report in relation to [grant recipient name]’s statement of grant income and expenditure to the Commonwealth, represented by the Department of Industry, Innovation and Science (the department). We have audited: the accompanying statement of grant income and expenditure of [grant recipient name] for the period [dd/mm/yyyy] to [dd/mm/yyyy], a summary of significant accounting policies and other explanatory information, and management’s attestation statement thereon (together “the financial statement”). The financial statement has been prepared by management using the cash basis of accounting described in note 3.2 to the financial statement; and [grant recipient name]'s compliance with the terms of the grant agreement between [grant recipient name] and the Commonwealth dated [date of agreement] for the period [dd/mm/yyyy] to [dd/mm/yyyy] (the grant agreement). We have: reviewed [grant recipient name]’s statement of labour costs in support of its claim of eligible expenditure[; and performed limited assurance procedures on [grant recipient name]’s statement of employee numbers under the grant agreement]. Management is responsible for: the preparation and fair presentation of the financial statement in accordance with the basis of accounting described in note 3.2, this includes determining that the cash basis of accounting is an acceptable basis for the preparation of the financial statement in accordance with the grant agreement; compliance with the terms of the grant agreement; the preparation of the statement of employee numbers and labour costs in support of eligible expenditure; and such internal control as management determines is necessary to: enable the preparation of the financial statement and the statement of [employee numbers and ]labour costs that are free from material misstatement, whether due to fraud or error; and enable compliance with the terms of the grant agreement. Our responsibilities are: To express an opinion, based on our audit, on: the financial statement; and [Grant recipient name]’s compliance, in all material respects, with the terms of the grant agreement; and To conclude based on: our review procedures, on the statement of labour costs; and our limited assurance procedures on the statement of employee numbers. We conducted our audit of the financial statement in accordance with Australian Auditing Standards; our audit of compliance with the grant agreement in accordance with ASAE 3100, our review of the statement of labour costs in accordance with ASRE 2405[; and our limited assurance procedures on employee numbers in accordance with ASAE 3000]. The applicable Standards require that we comply with relevant ethical requirements and plan and perform our work to: obtain reasonable assurance about whether the financial statement is free from material misstatement and that [grant recipient name] has complied, in all material respects, with the terms of the grant agreement; and obtain limited assurance as to whether anything has come to our attention that causes us to believe that the statements of employee numbers and labour costs are materially misstated. An audit involves performing procedures to obtain au
Appears in 1 contract
Sources: Grant Agreement
Project Outcomes. Outline the project outcomes achieved by the project end date. Do the achieved project outcomes align with those specified in the grant agreement? yes no If no, explain why. Attach copies of any published reports and promotional material, relating to the project, and list them below. Are there any planned events relating to the project that you are required to notify us about in accordance with your agreement? yes no If yes, provide details of the event including date, time, purpose of the event and key stakeholders expected to attend. The number How many SMEs did you provide cyber security advice to? Where are these SMEs located? What sectors are these SMEs in? How many of researchers that have accessed mentoringthese SMEs used the Cyber Security Diagnostic Tool? How did you use resources approved by the Australian Cyber Security Centre in providing advice to SMEs? Do you plan to continue supporting businesses’ to address cyber security risks? If yes, exchange programs or industry placements in this reporting period Mentoring Exchange programs Industry placements explain how. Project benefits What benefits has the project achieved? What ongoing impact will the project have? Did the project result in any unexpected benefits? yes no If yes, explain why. Is there any other information you wish to provide about your project? yes no If yes, provide details. Total eligible project expenditure Complete the following table, showing Indicate the total actual [eligible] eligible project expenditure incurred on incurred. Eligible expenditure is divided into the projectsame categories as the budget in your application. All expenditure should be If you are registered for GST, enter the GST inclusiveexclusive amount. If you are not registered for GST, less enter the GST credits you can claiminclusive amount. We may ask you to provide evidence of costs incurred. Refer to the Genomics Health Futures Mission – Projects Grant Opportunity grant opportunity guidelines or contact us if you have any questions about eligible expenditure. Eligible expenditure items Total Labour expenditure $ Contract expenditure $ Domestic expenditure $ Staff training Other eligible expenditure $ Total eligible expenditure $ Attach evidence of total eligible expenditure incurred for the projectProvide any comments you may have to clarify any figures. List the attached documents below against the relevant expenditure items. Was the expenditure incurred in accordance with the activity budget in the grant agreement? yes no If no, explain the reason for a project underspend or overspend, or any other significant changes to the budget. Project funding Complete the following table for all cash contributions to your project. This includes your own contributions as well as any contributions from government (except this grant), project partners or others. Insert rows as required. Contributor Total $ $ Total $ Complete the following table for all in-kind contributions to your project. This includes your own in-kind contributions as well as any contributions from government, project partners or others. Insert rows as required. Contributor In-kind support provided Value $ $ Total $ Updated business indicators Complete Provide the following table financial data for your organisation. organisation for your latest complete financial year These fields are mandatory and entering $0 is acceptable if applicable. If they clearly do not apply to your organisation you may enter n/a (not applicable). Recent trading performance Latest complete financial Financial year [yyyy-yy] completed Sales revenue (turnover) $ Export revenue $ R&D expenditure $ Taxable income $ Number of employees including working proprietors and salaried directors (headcount) Number of independent contractors (headcount) Bank account details Have your bank account details changed since your last payment? yes no If yes, we will provide you with a form to complete your new bank details. Certification I ...............................................................being a person duly authorised by the grantee hereby certify that: the information in this report is accurate, complete and not misleading and that I understand the giving of false or misleading information is a serious offence under the Criminal Code 1995 (Cth). the grant was spent in accordance with the grant agreement. I am aware of the grantee’s obligations under their grant agreement, including survival clauses. I am aware that the grant agreement empowers the Commonwealth to terminate the grant agreement and to request repayment of funds paid to the grantee where the grantee is in breach of the grant agreement. Signed Date [Position/ title] Appendix 3 Medical Research Future Fund - Researcher Exchange and Development within Industry Program (REDI) - Independent audit report Background These templates assist grant recipients (and their auditors) to understand the audit requirements under a Medical Research Future Fund - REDI grant agreement. For further information contact us on 13 28 46 or at ▇▇▇▇▇▇▇▇.▇▇▇.▇▇. All [Medical Research Future Fund - Researcher Exchange and Development within Industry Program (REDI)] grant recipients enter into a grant agreement with the Commonwealth. Under this grant agreement, when an independent audit report is required the grant recipient must provide us with: a statement of grant income and expenditure against the expenditure categories under the grant agreement (attachment A) an independent audit report on the statement of grant income and expenditure (attachment B) certification of certain matters by the auditor (attachment C). You can find additional information on Medical Research Future Fund - REDI at ▇▇▇▇▇▇▇▇.▇▇▇.▇▇ or by calling us on 13 28 46. Eligible expenditure Advice on eligible expenditure for projects under the Medical Research Future Fund - REDI can be found in Medical Research Future Fund -REDI program guidelines. These guidelines are revised from time to time and therefore more than one version of the document may exist. For Medical Research Future Fund - REDI grant recipients, the relevant guidelines are those that were effective at the time the application was accepted. It is essential that grant recipients and their auditors understand the Medical Research Future Fund - REDI eligible expenditure requirements because these determine whether, and the extent to which, certain costs are reportable and claimable. The amount of grant funding we approve is based on the grant recipient’s estimated eligible expenditure, as provided in their application. However, the grant funding any grant recipient is ultimately entitled to receive is determined against actual eligible expenditure incurred and paid for on the project. The grant amount specified in the grant agreement is the maximum amount the grant recipient may be paid. The expenditure reported in the ’statement of grant income and expenditure’ at attachment A must represent actual ‘eligible expenditure’ paid on the project during that period. Attachment A – Statement of grant income and expenditure Medical Research Future Fund – Researcher Exchange and Development within Industry Program (REDI) Project number [project number] Grant recipient [organisation] Project title [project title] Reporting period start date [project start date or other reporting period start date] Reporting period end date [project end date or other reporting period end date] This statement of grant income and expenditure must be prepared by the grant recipient and contain the following: Statement of funds, grant recipient contributions and other financial assistance* Statement of eligible expenditure* Notes to the statement of eligible expenditure, explaining the basis of compilation Certification by directors of the grant recipient *We will compare this information to that detailed in the grant agreement. Statement of funds, grant recipient contributions and other financial assistance Complete the following table for all cash [and in-kind] contributions for your project for the period in question, including the Medical Research Future Fund - REDI grant other government funding your own contributions partner or other third party contributions any additional private sector funding. Insert rows as required. Contributor Cash amount (GST excl) [Estimated in-kind amount (GST excl)] Total (GST excl) Medical Research Future Fund - REDI grant $[enter amount] $[enter amount] $[enter amount] Grant recipient $[enter amount] $[enter amount] $[enter amount] [enter contributor] $[enter amount] $[enter amount] $[enter amount] [enter contributor] $[enter amount] $[enter amount] $[enter amount] Statement of eligible expenditure You must provide detail of the eligible expenditure that has been incurred and paid for during the reporting period in the ‘Statement of eligible expenditure’ spreadsheet. Comment on any variance between the expenditure items and amounts detailed in the grant agreement and the actual items and amounts detailed in the attached statement of eligible expenditure. [enter details] Note to the statement of eligible expenditure. Eligible expenditure The eligible expenditure as reported in the statement of eligible expenditure is in accordance with the Medical Research Future Fund - REDI program guidelines. Basis of compilation This statement of eligible expenditure has been prepared to meet the requirements of the grant agreement between [enter grant recipient name] and the Commonwealth represented by the Department of Industry, Innovation and Science. Significant accounting policies applied in the compilation of the statement of grant income and expenditure include the following: [enter details] Certification by directors [if not director, replace with appropriate equivalent] [Grant recipient name] [Project number] For the period [dd/ mm/yyyy] to [dd/ mm/yyyy] We confirm that, to the best of our knowledge and believe, having made such enquiries as we considered necessary for the purpose of appropriately informing ourselves: Statement of grant income and expenditure We have fulfilled our responsibilities for the preparation of the statement of grant income and expenditure in accordance with the cash basis of accounting and the terms of the grant agreement with the Commonwealth, represented by the Department of Industry, Innovation and Science dated [enter date]; in particular, the statement of grant income and expenditure presents fairly in accordance therewith. All events subsequent to the date of the statement of grant income and expenditure which require adjustment or disclosure so as to present fairly the statement of grant income and expenditure, have been adjusted or disclosed. [Where applicable] The effects of uncorrected misstatements are immaterial, both individually and in the aggregate, to the statement of grant income and expenditure as a whole. A list of the uncorrected misstatements is attached to this representation letter. That all grant recipient contributions and other financial assistance were spent for the purpose of the project and in accordance with the grant agreement and that the grant recipient has complied with the grant agreement and relevant accounting policies. That salaries and allowances paid to persons involved in the project are in accordance with any applicable award or agreement in force under any relevant law on industrial or workplace relations. Signature Name [enter name] Director Date [dd/mm/yyyy] Signature Name [enter name] Director Date [dd/mm/yyyy] For Auditor use only I certify that this statement of grant income and expenditure is the one used to prepare my independent audit report dated [enter date] for the Department of Industry, Innovation and Science. Signature Name [enter name] Position [enter position] Auditor’s employer [enter employer name] Date [dd/mm/yyyy] Attachment B - Independent audit report Background for auditors The purpose of the independent audit report is to provide us with an auditor's opinion on the grant recipient’s statement of grant income and expenditure. The statement of grant income and expenditure is prepared by the grant recipient to correspond with the expenditure reported to the department by the grant recipient for the same period, in the process of claiming grant payments. The independent audit report must be prepared by a person who is an approved auditor. An approved auditor is a person who is: registered as a company auditor under the Corporations ▇▇▇ ▇▇▇▇ or an appropriately qualified member of Chartered Accountants Australia and New Zealand, or of CPA Australia or the Institute of Public Accountants; and not a principal, member, shareholder, officer, agent, subcontractor or employee of the grant recipient or of a related body corporate or a Connected Entity. The audit should be undertaken and reported in accordance with Australian Auditing Standards. The independent audit report must follow the required format and include any qualification regarding the matters on which the auditor provides an opinion. We may follow up any qualifications with the grant recipient or auditor. The independent audit report must be submitted on the auditor's letterhead. Auditors must comply with the professional requirements of Chartered Accountants Australia and New Zealand, CPA Australia and the Institute of Public Accountants in the conduct of their audit. If the auditor forms an opinion that the statement of grant income and expenditure does not give a true and fair view of the eligible expenditure for the period, the independent audit report should be qualified and the error quantified in the qualification section of the independent audit report. The required independent audit report format follows. Auditor’s report Independent audit report in relation to [grant recipient name]’s statement of grant income and expenditure to the Commonwealth, represented by the Department of Industry, Innovation and Science (the department). We have audited: the accompanying statement of grant income and expenditure of [grant recipient name] for the period [dd/mm/yyyy] to [dd/mm/yyyy], a summary of significant accounting policies and other explanatory information, and management’s attestation statement thereon (together “the financial statement”). The financial statement has been prepared by management using the cash basis of accounting described in note 3.2 to the financial statement; and [grant recipient name]'s compliance with the terms of the grant agreement between [grant recipient name] and the Commonwealth dated [date of agreement] for the period [dd/mm/yyyy] to [dd/mm/yyyy] (the grant agreement). We have: reviewed [grant recipient name]’s statement of labour costs in support of its claim of eligible expenditure[; and performed limited assurance procedures on [grant recipient name]’s statement of employee numbers under the grant agreement]. Management is responsible for: the preparation and fair presentation of the financial statement in accordance with the basis of accounting described in note 3.2, this includes determining that the cash basis of accounting is an acceptable basis for the preparation of the financial statement in accordance with the grant agreement; compliance with the terms of the grant agreement; the preparation of the statement of employee numbers and labour costs in support of eligible expenditure; and such internal control as management determines is necessary to: enable the preparation of the financial statement and the statement of [employee numbers and ]labour costs that are free from material misstatement, whether due to fraud or error; and enable compliance with the terms of the grant agreement. Our responsibilities are: To express an opinion, based on our audit, on: the financial statement; and [Grant recipient name]’s compliance, in all material respects, with the terms of the grant agreement; and To conclude based on: our review procedures, on the statement of labour costs; and our limited assurance procedures on the statement of employee numbers. We conducted our audit of the financial statement in accordance with Australian Auditing Standards; our audit of compliance with the grant agreement in accordance with ASAE 3100, our review of the statement of labour costs in accordance with ASRE 2405[; and our limited assurance procedures on employee numbers in accordance with ASAE 3000]. The applicable Standards require that we comply with relevant ethical requirements and plan and perform our work to: obtain reasonable assurance about whether the financial statement is free from material misstatement and that [grant recipient name] has complied, in all material respects, with the terms of the grant agreement; and obtain limited assurance as to whether anything has come to our attention that causes us to believe that the statements of employee numbers and labour costs are materially misstated. An audit involves performing procedures to obtain au
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Sources: Grant Agreement