This outlines the procedure of processing donations to the Australian Sports Foundation in support of the YA High Performance Project. ASF grants assist athletes to fund their campaigns.
Athlete completes an application form, which indicates their campaign name, budget, proof of class membership and competition plan.
Yachting Australia evaluates this information and approves the registration of the campaign. At this point a donation form is provided to the applicant.
A donation is made by the athlete's donor, unconditionally to the ASF. Donors may nominate the Yachting Australia’s High Performance Project as their preferred beneficiary.
The ASF may grant this funding to Yachting Australia in due course.
Yachting Australia reviews the applicant's competition plan and if all criteria has been met, and funds received from the ASF, Yachting Australia advises the athlete that the funding is available for aquittal.
The athlete completes an acquittal form, provides their expense receipts and sends this information to Yachting Australia High Performance Unit.
If the acquital is in order, Yachting Australia allocates the funds to the athlete.