Earnings and Indexation Sample Clauses

Earnings and Indexation. (a) You must use and deal with any money earned by You from: (i) interest on the Funding; or (i) the operation of the Services (for example fees, rent, board, service charges), as if the money earned was part of the Funding provided to You, such that these monies must be applied for an Accepted Use and a Funded Purpose under the relevant Funding Schedule and not otherwise retained by You or Your Related Bodies Corporate unless expressly authorised by a Funding Schedule or Us. (b) Subject to this clause 7.2, the Fund amounts are subject to periodic indexation at Our discretion. We may adjust the Fund amount by notice to You once per year. A notice under this clause must be given no later than 15 June in any year, and the adjustment will take effect from the next 1 July of that year. (c) The maximum increase to the Fund amount by the Queensland Government approved indexation rate for payments to non-Government Organisations is: (i) the percentage change in the CPI since the last adjustment under clause 7.2(b); or (ii) in the case of the first adjustment under this clause, since the date of this Service Agreement. (d) Where the Fund amount is increased by the effect of clause 7.2(b): (i) any increase to the Fund amount must be used for the Funded Purpose and Accepted Use; and (ii) the benefit of the increase is not to be retained by You or Your Related Bodies Corporate unless expressly authorised; and (iii) where the Funded Purpose or Accepted Use is for the Funds to reduce the Out of Pocket Costs of Eligible Children, You must pass on the benefit of the increase to proportionally further reduce such Out of Pocket Costs.