Common use of Determination of Funds Clause in Contracts

Determination of Funds. Subject to the conditions and limitations set out in this VET Funding Contract, the Department will pay the Training Provider Contact Hour Funds for scheduled hours of training and assessment delivered to Eligible Individuals. The Contact Hour Funds are calculated by multiplying: the number of scheduled hours of training and assessment reported by the Training Provider under this Schedule 1 as having been delivered, or to be delivered, to Eligible Individuals; and the applicable hourly rate per scheduled hour as identified in Clause 13.3 of this Schedule 1. The Department will only make payment of Funds for Training Services delivered to Eligible Individuals for currently endorsed courses and qualifications as identified on the Funded Courses Report as published on the SVTS and which are on the Training Provider’s Funded Scope. For the avoidance of doubt, payment of Funds will only be made where the Course Commencement Date for the relevant course or qualification: falls within a period where the “Is Approved For Funding” status on the Training Provider’s Funded Scope Report is “Approved” (where the period is defined by the relevant “Start Date” and “End Date” in the Report); and falls within the “Effective for CCD from” and “Effective for CCD to” dates for the course as identified in the Funded Courses Report. The hourly rate per scheduled hour is the rate specified in either the ‘Subsidy’ or ‘RPL Subsidy’ field (as applicable) of the Funded Courses Report as published on the SVTS from time to time in respect of the applicable payment year, course commencement date and enrolment type (non-apprenticeship/traineeship, traineeship or apprenticeship), as adjusted (if applicable) as follows: by a student loading being any combination of the following: for Eligible Individuals who self-identify as being of Aboriginal or Xxxxxx Xxxxxx Islander descent (and are reported as such through the “Indigenous Student Identifier” field of the Student Statistical Report) by multiplying the ‘Subsidy’ or ‘RPL Subsidy’ for the course by 1.5; and for Eligible Individuals aged 15-19 years as at 1 January in the year of commencement of training without a senior secondary certificate or an accredited qualification at AQF level II or above, and eligible for a concession in accordance with Clauses 3.7 and 3.8 of the Guidelines about Fees, by multiplying the ‘Subsidy’ or ‘RPL Subsidy’ for the course (or, if a student loading has already been applied under Clause 13.3(a)(i) of this Schedule 1, the amount determined under Clause 13.3(a)(i)) by 1.3; and for Eligible Individuals aged 15-19 years as at 1 January in the year of commencement of training without a senior secondary certificate or an accredited qualification at AQF level II or above, and undertaking training in the Victorian Certificate of Applied Learning (Foundation, Intermediate or Senior) in units reported against the VCAL course code, by multiplying the ‘Subsidy’ or ‘RPL Subsidy’ for the course (or, if a student loading has already been applied under Clause 13.3(a)(i) or (ii) of this Schedule 1, the amount determined under Clause 13.3(a)(i) or (ii)) by 1.1; and/or