# Accountant Declaration — MVP Ventures Round 3 (DRAFT)

**Status:** DRAFT — Michael must review and sign. May need registered accountant to co-sign depending on program requirements.

---

## Declaration

I, Michael McLoughlin, sole director of RateRight Pty Ltd (ABN 62 841 523 907), declare that:

### Financial Standing
1. RateRight Pty Ltd was incorporated in FY2025-26 and is currently pre-revenue.
2. The company's annual turnover for each of the last three financial years has been:
   - FY2024-25: $0 (company not yet incorporated)
   - FY2023-24: $0 (company not yet incorporated)
   - FY2022-23: $0 (company not yet incorporated)
3. The company has fewer than 10 full-time equivalent employees (1 founder, 0 employees).
4. The company is not tax-exempt.

### Financial Capacity for Co-Contribution
5. The company has cash reserves of approximately $24,408 AUD (as at February 2026).
6. The company's monthly operating expenditure is approximately $727 AUD, consisting of:
   - Cloud infrastructure and AI/ML services: $529/month
   - Sales and communication tools: $161/month
   - Accounting and productivity: $15/month
   - Domain and hosting: $22/month (averaged)
7. The company can demonstrate a 12-month co-contribution of $50,000+ through:
   - Existing operational expenditure (~$8,700/year)
   - Planned marketing expenditure (~$6,000/year)
   - Founder time valued at market-equivalent rates
   - Professional services (legal, accounting)

### Solvency
8. To the best of my knowledge, the company is solvent and able to meet its debts as and when they fall due.
9. There are no outstanding ATO debts, liens, or judgements against the company.

---

**Signed:** ___________________________
**Name:** Michael McLoughlin
**Position:** Director, RateRight Pty Ltd
**Date:** ___________________________

---

## ⚠️ Harper Notes (Internal — Remove Before Submission)

- **Check program rules:** Does MVP Ventures require a registered accountant/auditor to sign this, or is director self-declaration sufficient? Need to review SmartyGrants form when it opens Mar 9.
- **Co-contribution:** Founder time may NOT count as cash co-contribution. If it doesn't, our documented cash co-contribution is ~$21,200/year (opex $8,700 + marketing $6,000 + professional services $2,000 + additional infrastructure $4,500). Over 12 months that covers it, but barely. May need to request $40K instead of $50K to reduce the match requirement to $40K.
- **Bank statement:** Michael needs to provide a bank statement dated within 30 days of submission. Earliest useful: mid-February 2026 statement or later.
- **AirWallex issue:** If AirWallex isn't an ADI, grant funds can't be deposited there. Michael may need a CBA/Westpac account opened BEFORE submission.