If successful, your organisation must enter into a Victorian Common Funding Agreement (VCFA) with the department. This must happen within 30 days of your funding offer. If a grant offer is not accepted during this period, the department may withdraw the grant.
The funding agreement will outline:
- the grant terms and conditions, including use of funds
- key deliverables and due dates
- reporting requirements.
The department will make grant payments according to set milestone deliverables. The milestones will be set out in the funding agreement.
The department will publish successful event details including organisation name, event name and grant funding provided on the Multicultural Media Grants Program website.
Your organisation must use all funds during the activity period by 31 December 2024 for activitiesas outlined in the funding agreement. In addition, your organisation must meet any funding conditions set out in the letter of offer or funding agreement. Failure to meet these requirements may mean your organisation will need to return funding to the department.
GST and grants awarded under this program
If your organisation is successful in receiving a grant and is:
- registered for GST, you will be paid GST on top of the amount awarded
- not registered for GST, you will only receive the grant amount awarded. GST will not be added on top.
The Australian Taxation Office (ATO) considers grants and sponsorships as taxable income.
The ATO can help with information on tax, including GST. Call 13 28 66 or visit the ATO website for further information.