Contact Hour Funds definition

Contact Hour Funds means the funds paid or payable by the Department under this Contract for the Scheduled Hours of supervised training and assessment reported for a Skills First Student. Contract means this VET Funding Contract and includes all schedules, annexures, attachments, plans and specifications and exhibits to it. Contract Notification means a document issued by the Department via the SVTS that either provides specific information or advice about aspects of this Contract or formally notifies the Training Provider of a variation to this Contract. Control means, with regard to an entity:
Sample 1Sample 2Sample 3
Contact Hour Funds means the funds payable by the Department in relation to the scheduled hours reported by the RTO as in respect of an Eligible Individual to whom the RTO has provided the Training Services as detailed in Schedule 1 of this VET Funding Contract. Contract Notifications means contract notifications issued by the Department from time to time via the SVTS.
Sample 1Sample 2Sample 3
Contact Hour Funds means the funds paid or payable by the Department under this VET Funding Contract in respect of the scheduled hours of supervised training and assessment reported in relation to an Eligible Individual. Contract Notification means a document issued by the Department from time to time via the SVTS that either provides specific information or advice about aspects of this VET Funding Contract or formally notifies the Training Provider of variation/s to this VET Funding Contract. Control means, with regard to an entity: the legal, financial or equitable ownership, directly or indirectly, of 50 percent or more of the share capital (or other ownership interest, if not a corporation limited by shares) of the entity; control or influence of, or having the capacity to control or influence, the composition of the board or other decision-making body of the entity, or of decision making (directly or indirectly) in relation to the financial and operating policies of the entity, whether or not the control or influence is based on statutory, legal or equitable rights and whether or not it arises by means of trusts, agreements, arrangements, understandings, practices, the ownership of any interest in shares or stock of that entity or otherwise; or effective control of the entity. Corporations Act means the Corporations Act 2001 (Cth). Course Commencement Date means the date of first scheduled training for the first unit of competency towards the completion of the qualification in which the Eligible Individual has enrolled.
Sample 1Sample 2Sample 3

Examples of Contact Hour Funds in a sentence

  • Subject to the conditions and limitations set out in this Contract, the Department will pay the Training Provider Contact Hour Funds by multiplying: the number of Scheduled Hours of training and assessment reported by the Training Provider under this Schedule 1 as delivered, or to be delivered, to a Skills First Student; and the applicable hourly rate per Scheduled Hour as identified in Clause 11.2 of this Schedule 1.

  • Where a Skills First Student withdraws from a subject, payment of Contact Hour Funds for their enrolment in that subject will be calculated based on the Hours Attended, not the Scheduled Hours.

  • The Department is not liable to pay the Contact Hour Funds: in excess of two times the nominal hours per subject as published in the Victorian Purchasing Guide; and in excess of the nominal hours per subject as published in the Victorian Purchasing Guide for RPL.

  • The Department is not liable to pay the Contact Hour Funds in excess of the Maximum Payable Hours for a program.

  • Contact Hour Funds will be calculated at the subject level, and the Training Provider will be paid for the Scheduled Hours reported for the subject in equal instalments over the number of months of scheduled delivery.

  • The Department will pay a Fee Waiver Contribution (subject to the Training Provider being eligible for the payment of Contact Hour Funds for the Skills First Student) where the Training Provider has: granted a Fee Waiver to a Skills First Student in accordance with the Guidelines About Fees; and reported that Fee Waiver in accordance with the Victorian VET Student Statistical Collection Guidelines.

  • The Fee Waiver Contribution payable will be calculated by multiplying: the number of Scheduled Hours for which the Training Provider is entitled to be paid Contact Hour Funds for the Skills First Student; and the applicable ‘Fee Waiver Contribution per Hour’ (fixed value) for the program (as identified on the Funded Programs Report).

  • The Department will pay a Fee Concession Contribution (subject to the Training Provider being eligible for the payment of Contact Hour Funds for the Skills First Student), where the Training Provider has: granted a Fee Concession to a Skills First Student in accordance with the Guidelines About Fees; and reported that Fee Concession in accordance with the Victorian VET Student Statistical Collection Guidelines.

  • Contact Hour Funds will be paid to the Training Provider monthly in arrears on the basis of Student Statistical Reports submitted by the Training Provider to the Department in accordance with this Contract.


More Definitions of Contact Hour Funds

Contact Hour Funds means the funds payable by the Commission in relation to the scheduled hours reported by the RTO as in respect of an Eligible Individual to whom the RTO has provided the Training Services as detailed in the schedules to this Agreement. Department means the State of Victoria acting through the Department of Education and Early Childhood Development (or its successor).
Sample 1Sample 2
Contact Hour Funds means the funds payable by the Commission in relation to the scheduled hours reported by the Board/Council in respect of an Eligible Individual to whom the Board/Council has provided the Training Services as detailed in the Schedules to this Agreement. Continuing Student is defined in Schedule 3 to this Agreement.
Sample 1Sample 2

Related to Contact Hour Funds

  • Business Contact Information means the names, mailing addresses, email addresses, and phone numbers of a party’s personnel, officers and directors and, with respect to Client, such information regarding Client’s vendors and customers that Accenture may have access to in maintaining the parties’ business relationship.

  • Contact Person means the Contractor's management level personnel who will work as liaison between the City and the Contractor and be available to respond to any problems that may arise in connection with Contractor's performance under the Contract.

  • Investment Personnel means: (a) Portfolio Managers and other Advisory Persons who provide investment information and/or advice to the Portfolio Manager(s) and/or help execute the Portfolio Manager's(s') investment decisions, including securities analysts and traders; (b) any natural person in a control relationship to the Fund who obtains information concerning recommendations made to the Fund with regard to the purchase or sale of a security; and (c) certain other individuals as designated by the Compliance Officer.

  • Customer Contact means the individual(s), whether a contract manager, category consultant or otherwise, who are to act for the Customer as the day to day point of contact for communications from the Contractor to the Customer in relation to the Contract, being the individual(s) identified in Section 2 of the Contract Schedule or otherwise notified to the Contractor from time to time;

  • Internet Banking means the service we offer by which you can access and transact on a nominated account by using a personal computer and accessing via our website. This includes transactions processed through the mobile banking facility as well as the smartphone app facility.

  • Client Account means the unique personalized account of the Client consisting of all Completed Transactions, Open Positions and Orders on the Platform, the Balance of the Client money and deposit/withdrawal transactions of the Client money. It is understood that the Company may use the term Trading Account or Account on its Website or communications, which shall mean your Client Account.

  • Customer Service means Company’s customer service telephone service department or representatives.