Members’ voluntary contributions are received by COGGO via the Grain Marketing companies who deduct 0.5% from grain sales, nominated by the members. Annually, COGGO calls for applications for funding of local R&D Projects, which could benefit Western Australian Grain Growers.
Projects are funded from the start of each financial year and are for a maximum of 2 years. The maximum funding is $150,000 over 2 years per project. Regular reports are required from recipients for funding continuity with updates and the final report being published on this website.
The keys to understanding how COGGO works is as follows:
The voluntary contribution from members supports –
- Research and development investments by COGGO to assist in the delivery of improved profitability for the WA grains industry;
- Potential R&D tax incentive claims for eligible Project expenditure by COGGO, to be paid as rebate to COGGO from the ATO;
- The rebate from the ATO and investment income provides for an annual dividend to contributing members; and
- The possibility of increased annual dividends should any of the funded intellectual property from Projects result in a commercial return to COGGO.