Common use of DETERMINING AND PAYING FUNDS Contact Hour Funds Clause in Contracts

DETERMINING AND PAYING FUNDS Contact Hour Funds. 11.1 Subject to the conditions and limitations set out in this Contract, the Department will pay the Training Provider Contact Hour Funds by multiplying: a) the number of Scheduled Hours of training and assessment reported by the Training Provider under this Schedule 1 as delivered, or to be delivered, to a Skills First Student; and b) the applicable hourly rate per Scheduled Hour as identified in Clause 11.2 of this Schedule 1. 11.2 The hourly rate per Scheduled Hour is the rate specified in either the ‘Subsidy’ or ‘RPL Subsidy’ field of the Funded Programs Report (for the relevant payment year, Program Commencement Date and Enrolment Type), adjusted for the following loadings where applicable (including in accordance with Clause 11.3 of this Schedule 1): a) Indigenous loading – where the Skills First Student self-identifies as being of Aboriginal or Xxxxxx Xxxxxx Islander descent (and is reported as such through the ‘Indigenous Student Identifier’ field of the Student Statistical Report) the ‘Subsidy’ or ‘RPL Subsidy’ will be increased by 50%;

DETERMINING AND PAYING FUNDS Contact Hour Funds. 11.1 Subject to the conditions and limitations set out in this Contract, the Department we will pay the Training Provider you Contact Hour Funds by multiplyingby: a) multiplying the number of Scheduled Hours of training and assessment reported by the Training Provider that you report under this Schedule 1 as delivered, or to be delivered, to a Skills First Student; andwith b) the applicable hourly rate per Scheduled Hour as identified in Clause 11.2 of this Schedule 1. 11.2 The hourly rate per Scheduled Hour is the rate specified in either the ‘Subsidy’ or ‘RPL Subsidy’ field of the Funded Programs Report (for the relevant payment year, Program Commencement Date and Enrolment Type), adjusted for the following loadings where applicable (including in accordance with Clause 11.3 of this Schedule 1): a) Indigenous loading – where the Skills First Student self-identifies as being of Aboriginal or Xxxxxx Xxxxxx Islander descent (and is reported as such through the ‘Indigenous Student Identifier’ field of the Student Statistical Report) the ‘Subsidy’ or ‘RPL Subsidy’ will be increased by 50%;

DETERMINING AND PAYING FUNDS Contact Hour Funds. 11.1 Subject to the conditions and limitations set out in this Contract, the Department we will pay the Training Provider you Contact Hour Funds by multiplyingby: a) multiplying the number of Scheduled Hours of training and assessment reported by the Training Provider that you report under this Schedule 1 as delivered, or to be delivered, to a Skills First Student; andwith b) the applicable hourly rate per Scheduled Hour as identified in Clause 11.2 of this Schedule 1. 11.2 The hourly rate per Scheduled Hour is the rate specified in either the ‘Subsidy’ or ‘RPL Subsidy’ field f ield of the Funded Programs Report (for the relevant payment year, Program Commencement Date and Enrolment Type), adjusted for the following loadings where applicable (including in accordance with Clause 11.3 of this Schedule 1): a) Indigenous loading – where the Skills First Student self-identifies as being of Aboriginal or Xxxxxx Xxxxxx Islander descent (and is reported as such through the ‘Indigenous Student Identifier’ field f ield of the Student Statistical Report) the ‘Subsidy’ or ‘RPL Subsidy’ will be increased by 50%;