See point 3 below:
https://business.gov.au/grants-and-programs/major-project-statusWhat are the eligibility criteria?
For full details of the Major Project Status eligibility criteria, contact the MPFA.
Your project needs to meet the following criteria.
1. The project is of strategic significance to Australia
The project's estimated investment must be more than $50 million.
It must either:
- contribute significantly to economic growth, exports, employment and/or infrastructure development
- have an economic benefit to regional Australia, considering a region's investment needs
Major project developers need to be able to provide details of:
- major elements of total capital expenditure
- major capital equipment items
- cost estimates from feasibility studies
- employment numbers for different phases of the project
2. The project requires Commonwealth Government approvals or involvement
The project requires either:
- approvals under Commonwealth Government legislation
- significant Commonwealth Government involvement, including through government programs
Commonwealth Government approvals may include:
- environment and heritage approvals
- customs and biosecurity approvals
- approvals under the Offshore Petroleum and Greenhouse Gas Storage Act 2006 (and related Acts)
- foreign investment approval
- import tariff concessions
Government programs may include:
- employment and training programs
- immigration programs
3. The project has sufficient financial resources and is commercially viable
Developers need to show that the project has attracted enough funding, at least enough to complete the approval processes.
You’ll need evidence of adequate funding and support such as:
- evidence of support from governments and communities
- resolutions of support from the board of a parent company
- a letter of support from a parent company or investor
- letters of intent, heads of agreement or other commercial documents, offtake and supply agreements, audited company accounts
- feasibility studies, business case or financial viability assessments
