Funding assistance rate
The usual funding assistance rate (FAR) is:
- the approved organisation's normal FAR, or
- 100% of the Transport Agency costs.
Where a cluster of approved organisations and/or the Transport Agency is formed to deliver road safety promotion programmes a weighted average funding assistance rate will be calculated and manually entered into Transport Investment Online. Weighting of individual normal FARs and the Transport Agency's 100% rate will be based on their proposed financial contributions to the programme over the NLTP.
Non-financial contributions will not be considered part of the total project cost, and will not be eligible for financial assistance.
Approved organisations and the Transport Agency are able to accept financial contributions from other parties as a contribution to the total cost. If the financial contribution to the activity changes the scope of that activity, the contribution will be treated as third party funding and is deducted from the total cost before calculating the Transport Agency’s funding assistance (ie that part is not eligible for funding assistance).