Funding provided by the Motor Accident Insurance Commission (MAIC) for research must be expended or committed on a cost that is incurred to carry out the research project for the duration of the funding agreement. Applicants must provide a breakdown of costs and how the proposed research costs are directly related to achieving the aims of the research.
Expenditure that directly relates to research projects may include:
- Personnel salary and salary on costs
- PhD scholarships or other fellowships
- Equipment and consumables
- Travel and conferences.
Expenditure that is not considered an appropriate use of MAIC funds includes:
- Institutional overhead and operational costs (including, but not limited to, land, building, fixtures, utility costs and information technology)
- Costs associated with institution administrative support staff.
Budgets supplied by applicants or institutions for research and education projects will be assessed on a case-by-case basis. MAIC values cash contributions from institutions towards research projects submitted for MAIC funding.