Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The Clothing and Household Textile (BIC) scheme may make provision for and in relation to the following matters:
(a) the making of claims for innovation grants;
(b) the times within which claims for innovation grants are to be made;
(c) requiring that a claim for an innovation grant made by an entity ascertained in accordance with the scheme be accompanied by an audited statement relating to specified activities;
(d) requiring that a claim for an innovation grant made by an entity ascertained in accordance with the scheme be accompanied by an unaudited statement relating to specified activities;
(e) requiring that a claim for an innovation grant be accompanied by such a fee as is ascertained in accordance with the scheme;
(f) the assessment of claims for innovation grants;
(g) the apportionment of expenditure;
(h) the adjustment of eligibility for innovation grants in relation to the transfer of the whole or a part of a business, including (but not limited to):
(i) treating the transferee as if the transferee had incurred particular expenditure, had derived particular revenue and had done particular acts or things; and
(ii) treating the transferor as if the transferor had not incurred particular expenditure, had not derived particular revenue and had not done particular acts or things;
(i) the times when innovation grants become payable;
(j) matters of a transitional nature (including any saving or application provisions) arising out of the transition from the TCF Post - 2005 (SIP) scheme to the Clothing and Household Textile (BIC) scheme.
(2) Subsection ( 1) does not, by implication, limit section 37ZM (power to make Clothing and Household Textile (BIC) scheme).
(3) The amount of a fee under the Clothing and Household Textile (BIC) scheme must not be such as to amount to taxation.