Common use of Note to Applicants Clause in Contracts

Note to Applicants. This clause 9 sets out the Department's minimum anticipated security requirements which vary depending on the total grant amount and the proportion of grant funding being provided by the Department relative to the total funding required for the Project. These requirements will be considered further by the Department in light of potential grant recipients' grant applications, including with reference to the total grant amount and financial viability of the potential grant recipient. The Department anticipates deleting clause 9 in full (and inserting 'Not Used') where the value of the Funds are less than $1 million (GST exclusive).