CLOTHING AND HOUSEHOLD TEXTILE BUILDING INNOVATIVE CAPABILITY PROGRAM
From 2011 Australian businesses undertaking eligible clothing and household textile design and manufacturing activities will be able to claim assistance in the form of annual entitlement grants, paid in arrears. Total funding of $112.5 million will be provided for five years from 2011-12 to 2015-16. Documentation covering eligibility is currently being finalised.
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TEXTILE, CLOTHING AND FOOTWEAR CORPORATE WEAR SCHEME
The scheme allows employers to register non-compulsory occupational clothing, which allows employees to claim the cost of purchasing and maintaining this clothing as a tax deduction. Projected tax concessions for 2009-2010 are $93.1 million.
Example:
An accountancy firm can register non-compulsory occupational clothing, such as work suits. This allows employees to claim the registered clothing as a tax deduction. However, the company must follow the guidelines regarding the placement and size of the company logo on the clothing which is outlined on the AusIndustry website.
CERTAIN INPUTS TO MANUFACTURE SCHEME
The Certain Inputs to Manufacture Scheme support manufacturers who rely on the importation of raw materials or intermediate goods to enhance production of exports or replace imports. It provides duty free entry for eligible goods used in activities directed towards export enhancement or import replacement. However, it requires that businesses in receipt of funding capitalise on Australian skills in supplying materials and services. The estimated value for 2009-10 is $4 million.
For further information please contact Gilli Williams, Regional Manager for South West NSW on 02 6921 1828 or refer to the AusIndustry Website www.ausindustry.gov.au
