Common use of Unused Funds Clause in Contracts

Unused Funds. The paid leave and money prescribed by the clause is for each individual to use. If an individual does not use their expense entitlement within a year it goes into the PACT Accrued Education Fund for discretionary allocation within their service centre and the organisation. Unused leave hours are not carried forward. A year is defined beginning 1 July each year and finishing 30 June the following year. The process for applying for Accrued Funds is set out n Appendix II to this agreement.

Unused Funds. The paid leave and money prescribed by the clause is for each individual to use. If an individual does not use their expense entitlement within a year it goes into the PACT Accrued Education Fund for discretionary allocation within their service centre and the organisation. Unused leave hours leavehours are not carried forward. A year is defined beginning 1 July each year and finishing 30 June the following year. The process for applying for Accrued Funds is set out n in Appendix II to this agreement.