Whether you’re thinking about expanding into Asia or elsewhere, there’s a wealth of Australian Government and state support, subsidies, and grants up for grabs. Take advantage of any grants, subsidies, support or assistance to help your business expand into overseas markets.

There are some risks associated with assistance, including potential conflicts of interest and accountability. But fortunately, government and state assistance can be beneficial should you decide to go down this path.

Export grants and subsidies

Gaining access to export grants and subsidies means your business can reach its expansion goals faster. The Government encourages Australian exporters in several ways. The following grants and schemes are designed to help Australian businesses export to Asia with the assistance of financial incentives.

Export Market Development Grants (EMDG)

Provided by the Australian Government, Export Market Development Grants, opens in new window offer financial assistance to small and mid-sized businesses looking to export their goods and services.

Grants for businesses are available in 3 tiers, with each providing a different level of support for SMEs as they grow their businesses. The tiers are:

  1. ready to export
  2. exporting and expanding
  3. exporting, expanding and strategic shift

Businesses can apply for any grant tier at any time, depending on the needs of the business. Grant agreement terms are offered in each round, subject to the availability of funds, and the maximum allowable grant term for the relevant tier under the EMDG Rules.

Regional support

Each Australian State and Territory has their own grants and funding, customised for regional needs. You can access your agency below:

Trade missions

Contact your local industry support group who facilitate trade missions to export target countries.

Agricultural industry support

Each industry has their own incentives to grow. For example:

Check with your industry group to find suitable sustainability and carbon neutral funding that will ensure you comply with regulations.

Austrade

Austrade offers several programs for exporters, including services designed specifically for Women in Export, opens in new window, an Australia-wide program that supports businesses led by women who plan on exporting.

Austrade also has an Australian supplier’s directory, which promotes Australian businesses, products, and services to overseas buyers. This free service makes it easy to list your business on Austrade’s Australian Suppliers Directory., opens in new window

Export Finance Australia

This agency is tasked with finding export finance solutions, opens in new window for businesses that are growing quickly due to international opportunities, building an e-commerce presence, export capacity through increased production, or supplying products or services to an export-related supply chain.

Networking and support

Your export business will be better prepared with access to the right support and networks. Contact your local chamber of commerce, industry association and regional partners to identify the help you need.

Rebates

Some schemes your export business can potentially use to access rebates include the following:

The Duty Drawback Scheme

The Duty Drawback Scheme, opens in new window is a customs procedure allowing exporters to receive a total or partial rebate on imported goods. They can be for other goods to be treated, processed, or incorporated in other goods for export.

For more information and to apply, visit the drawback page from the Australian Border Force, opens in new window.

GST exemption

Similar to the Duty Drawback Scheme, the Tradex Scheme, opens in new window covers imported goods that are intended for export within a year – though they need to be in the same condition as when they were originally imported. You’ll be exempt from GST and customs duty on these goods.

For example, if your business imported scarves from Nepal and sold them on to Papua New Guinea in the same condition, you may be eligible for the exemption. You must export the nominated goods within 12 months of entry into Australia unless you have obtained an extension. Goods must not be sold, consumed or used in Australia.

Next steps

Terms and Conditions

The information contained in this article is intended to be of a general nature only. It has been prepared without taking into account any person’s objectives, financial situation or needs. Before acting on this information, NAB recommends that you consider whether it is appropriate for your circumstances. NAB recommends that you seek independent legal, financial and taxation advice before acting on any information in this article.