Changes to the Budget. 10.1 Notwithstanding clause 8 (Contributions) and subject to clause 10.2 (Changes to the Budget), the Recipient may amend expenditure in the Budget without ARENA's approval where: (a) the increase or decrease (taken with all previous changes) in: (i) any individual item in expenditure is less than 10% of the allocated amount for that item; and (ii) the quantum of the Budget is less than 10%; and (b) the change, taken with all previous changes, would not result in the total Overseas Expenditure to an amount exceeding 10% of the ARENA Funding, other than for equipment or materials. 10.2 For the avoidance of doubt, the Recipient may not amend any individual item of income in the Budget, including the ARENA Funding or Contributions, and clause 10.1 (Changes to the Budget) does not apply to any such amendments.
Appears in 3 contracts
Samples: Funding Agreement, Funding Agreement, Funding Agreement
