Q | Before becoming a supplier, ABC Traders awards a loan to XYZ Inc, an Enterprise Development Beneficiary. Following the issuing of the loan and within the same Measurement Period, XYZ Inc becomes a supplier. Can ABC Traders claim the loan to XYZ Inc under Enterprise Development?
A | Where XYZ Inc became a supplier within the same measurement period, ABC Traders can elect to recognise the loan as a qualifying contribution under either Enterprise Development or Supplier Development. However, ABC Traders may not double count the contribution or split it across an Enterprise Development and Supplier Development recognition as it applies only to a loan.
Enterprise & Supplier Development Services are available to guide members on claiming loans based on the clarification notice.