Common use of Due Payment Clause in Contracts

Due Payment. Performance Milestone 1 Signing of this Schedule and a commitment to collaborate on the VDS program 1 January 2023 57% State allocation of the funding for VET data Infrastructure. Performance Milestone 2 Development of State impact assessments and high-level roadmaps 1 July 2023 43% State allocation of the funding for VET data Infrastructure. Performance Milestone 1 States agree and sign up to the updated Schedule. Commonwealth and States agree to the FFT Construction Implementation Plan. Within 30 days of signing this Schedule or 1 January 2025 or following Commonwealth and State agreement to the State’s Implementation Plan, whichever is later. • 50 per cent of funding for places on sign-up • 100 per cent of student support funding • 50 per cent of ancillary funding Performance Milestone 2 The State has provided quarterly reporting consistent with Part 3 of this Schedule which shows that the value of enrolments in eligible training places in the jurisdiction has reached a minimum of 50 per cent of the Fee-Free Construction expenditure as set out in Table 1b. Estimated for March 2026 • 50 per cent payment for 50 per cent of funding utilised (contingent also on adherence to reporting requirements) • 50 per cent of ancillary funding

Due Payment. Performance Milestone 1 Signing of this Schedule and a commitment to collaborate on the VDS program 1 January 2023 57% State allocation of the funding for VET data Infrastructure. Performance Milestone 2 Development of State impact assessments and high-level roadmaps 1 July 2023 43% State allocation of the funding for VET data Infrastructure. Performance Milestone 1 States agree and sign up to the updated Schedule. Commonwealth and States agree to the FFT Construction Implementation Plan. Within 30 days of signing this Schedule or 1 January 2025 or following Commonwealth and State agreement to the State’s Implementation Plan, whichever is later. • 50 per cent of funding for places on sign-up • 100 per cent of student support funding • 50 per cent of ancillary funding Performance Milestone 2 The State has provided quarterly reporting consistent with Part 3 of this Schedule which shows that the value of enrolments in eligible training places in the jurisdiction has reached a minimum of 50 per cent of the Fee-Free Construction expenditure as set out in Table 1b. Estimated for March 2026 • 50 per cent payment for 50 per cent of funding utilised (contingent also on adherence to reporting requirements) • 50 per cent of ancillary funding