Acquitting your grant
Acquitting a grant means accurately reporting on the funded activities and the expenditure of Australia Council funding. Grant reports - providing artistic and financial information - are required on completion of your project.
Acquittal is a formal condition of funding. If you do not provide a satisfactory grant report at the times and in the manner detailed in your funding agreement the Australia Council will not make any further payments that may be due to you, and you will be ineligible to apply for further grants.
The Australia Council may ask you to pay back all or part of the funding provided to you. It may take action to recover any unspent or misspent funding as a debt due and payable.
Grant reports are used by the Australia Council to fulfil obligations of accountability to the Australian Government. They are also essential to the development work of the Australia Council. The reports help us evaluate the achievements of funded activities, monitor the effectiveness of grant categories and ensure our policy development is consistent with the experience of artists in the field.
If you received a grant from the Australia Council you must provide us with a grant acquittal report at the end of your funded activity.
Please read your funding agreement to check details of the grant acquittal material you should provide.
The grant acquittal report is where you tell us:
- how you spent your grant
- what the artistic outcomes of your funded activity were.
We use this information to evaluate the achievements of funded activities, monitor the effectiveness of our funding programs, and ensure our policy development is consistent with the experience of artists in the field. It also enables us to fulfil our obligation of accountability to the Federal Government.
If you don't provide a grant acquittal report, or if the report you submit is not satisfactory, you may not be eligible to apply for further funding or receive further payments from the Australia Council.
Key Organisations Grant Reports
Recipients of Key Organisations grants are required to submit annual reports for quantitative data, demographic information and financial accounts by 30 April each year.
Key Organisations provide statistical and financial reports on-line through the arts organisations reporting system.
Key Organisations attach annual reports and audited financial accounts as support material to their on-line reports.
If you are not sure what report(s) you need to submit as part of your annual reporting, or what information you should record in your annual reporting, please refer to your funding agreement or contact the program officer listed at the top of the cover letter of your agreement.