Common use of EFFECT OF SUSPENSION OR TERMINATION Clause in Contracts

EFFECT OF SUSPENSION OR TERMINATION. If this VET Funding Contract is terminated, the Training Provider suspends delivery of the Training Services in respect of any Eligible Individual pursuant to a direction given by the Department under Clause 17.2(a), or the Training Provider otherwise ceases to deliver the Training Services in respect of any Eligible Individual prior to that Eligible Individual having completed or withdrawn from the relevant course or qualification, then: the Department may give the Training Provider directions, including a direction to assist Eligible Individuals to transfer to another registered training organisation in order to continue the training commenced by the Eligible Individual under this VET Funding Contract (such a direction to assist individuals may include, but is not limited to, issuing of statements of attainment for units of competency the Eligible Individual has completed); and pursuant to Clause 4.3(b), the Training Provider must immediately comply with such a direction. If the Department terminates this VET Funding Contract other than under Clause 18, or under Clause 18.3(f) from the date of an Insolvency Event occurring as envisaged under (c) to (i) of the definition of an Insolvency Event, or Clause 18.3(j) from the date of suspension or cancellation, the Department may require the Training Provider to refund such amount of the Funds previously paid by the Department as the Department reasonably deems appropriate (together with interest calculated daily at the rate prescribed under the Penalty Interest Rates Act 1983 (Vic) for the period between the Department demanding the refund and the Training Provider refunding the Funds).