1. Under the Central Co-operative Fund (CCF) Grant Framework, the eligibility of certain grants and the grant tiers and quantum is dependent on a co-operative’s (co-op’s) net worth and whether it has made CCF contributions¹ for its latest audited financial statements (AFS).
   
   
2. The grant eligibility period is based on a co-op’s financial year, as follows:
   
   

   Co-operative Financial Year End	Submission of AFS to RCS by	Payment of CCF contribution by2	Grant Eligibility Period
   31 March	30 September	31 December	1 January (following year) to 31 December (following year)
   30 June	31 December	31 March (following year)	1 April (following year) to 31 March (subsequent year)
   30 September	31 March (following year)	30 June (following year)	1 July (following year) to 30 June (subsequent year)
   31 December	30 June (following year)	30 September (following year)	1 October (following year) to 30 September (subsequent year)

   
   

   For co-ops that have a financial year-end not reflected above, please check with CCF Secretariat.

3. A co-op’s grant application may only be processed when these pre-requisites are met:
   
   
   • The co-op has submitted its latest AFS to the Registry of Co-operative Societies (RCS)³;
     
     
   • The co-op’s CCF contributions has been assessed and invoiced; and
     
     
   • Co-op has paid the CCF contribution (if payable).
     
     
4. Grant eligibility is 12 months, but may be shortened due to unmet prerequisites, including late contribution payments as outlined in the table above.
   
   
5. For grants that do not have "per grant eligibility period" indicated, the specific grant conditions shall prevail.

The following examples are for illustration purposes, and they are non-exhaustive.

1. Shortening of Grant Eligibility Period
   
   The grant eligibility period for a co-op is initially set at 12 months. However, this period may be shortened due to late payments of CCF contributions. Specifically, if the CCF contribution payment is not received by the CCF Secretariat by the stipulated deadline, the co-op's eligibility to apply for a grant will be restricted.
   
   Example
   
   A co-op with a financial year ending on 31 March 2023 must ensure that its CCF contribution payment is received by the CCF Secretariat by 31 December 2023. If the co-op issues a cheque or initiates a bank transfer on 31 December 2023, and due to bank processing times, the CCF Secretariat only receives the payment on 3 January 2024, then the co-op will be eligible to apply for a grant only from 3 January 2024 to 31 December 2024.
   
   
2. Applicable Grant Tier and Quantum for CCF Development Grant and CCF Special Grant (Outsourced Internal Audit Grant)
   
   The grant tier and quantum applicable to a co-op are determined based on the amount of CCF contributions made within a specific timeframe.
   
   Example
   
   A co-op with Financial Year End on 31 March 2023 has made above $500,000 in CCF contributions by 31 December 2023. Therefore, the co-op is eligible for Tier D funding quantum from 1 January 2024 to 31 December 2024.

¹ Or would have made contributions to CCF if not for any waivers of CCF contribution granted.

² implies that CCF Secretariat must have received the funds by the deadline.

³ Under section 34(1) of the Co-operative Societies Act 1979, a co-op must submit its AFS to the Registrar not later than 6 months after the close of each financial year.