Rural and Regional Adjustment Regulation 2011

Payment of assistance under the scheme to an applicant is subject to the conditions stated in this section.

The full amount of assistance given for an eligible activity must be used—

if the eligible activity is completed before the assistance is approved—for reimbursing the applicant, in whole or in part, for an expense incurred to complete the activity; or

otherwise—for completing the activity.

The applicant must—

until 4 years after the assistance is approved, keep the following records in relation to each eligible activity for which the assistance is given—

all tax invoices, official receipts, bank statements or other similar records of amounts paid;

all quotations or other similar records of amounts claimed; and

consent to the authority conducting an audit of the records mentioned in paragraph (a) to allow the authority to verify that assistance given to the applicant under the scheme has been used in accordance with the application for assistance.