Common use of Payments of Contact Clause in Contracts

Payments of Contact. Hour Funds to the RTO in respect of an Eligible Individual by the Department under this Schedule 1 will be made monthly in arrears by the Department on the basis of Student Statistical Reports submitted by the RTO to the Department in accordance with the VET Funding Contract and on the understanding that the RTO has Evidence of Participation for each Eligible Individual in respect of which it is claiming payment. The act of lodging a Student Statistical Report by the RTO to the Department is considered a claim for payment.

Payments of Contact. Hour Funds to the RTO in respect of an Eligible Individual by the Department Commission under this Schedule 1 will be made monthly in arrears by the Department Commission on the basis of Student Statistical Reports submitted by the RTO to the Department Commission in accordance with the VET Funding Contract Agreement and on the understanding that the RTO has Evidence of Participation for each Eligible Individual in respect of which it is claiming payment. The act of lodging a Student Statistical Report by the RTO to the Department is considered a claim for payment.