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):
Appears in 6 contracts
Samples: Vet Funding Contract, Vet Funding Contract, Vet Funding Contract
