Common use of End of Year Report Clause in Contracts

End of Year Report. and Progress Reporting by Exception (a) The Administering Organisation must submit an End of Year Financial Report by 31 March in the year following each calendar year for which the Funding was awarded, in accordance with the instructions to be provided by the ARC each year. The form for this report will be made available by the ARC in RMS, with instructions on the ARC website. (b) The End of Year Financial Report will contain information on all expenditure for that year for the Project including: i. any unspent Funds to be recovered by the Commonwealth; ii. any unspent Funds that the Administering Organisation is seeking to have carried over into the next year; and iii. the reasons why the unspent Funds are required to be carried over or recovered. (c) Funds provided by the Commonwealth to the Administering Organisation which are not spent during the year of the Project Activity Period to which those funds were allocated may be carried over if approved by the ARC. If the Administering Organisation wishes any Funds to be carried over from one year to the next year, the Administering Organisation must request this approval in the End of Year Financial Report for the calendar year for which those Funds were initially paid. (d) All unspent Funds are to be reported to the ARC. If a carryover is requested, it must include all unspent Funds allocated to the Project even if they are not located at the Administering Organisation. (e) Where a carryover is requested for 75 per cent or more of the Funds allocated for a calendar year (excluding any Funds carried over from the previous calendar year), additional justification must be provided. (f) Funds may be carried over more than 12 months only in exceptional circumstances and subject to approval by the ARC. Additional justification must be provided in this instance. (g) A Progress Report by Exception must indicate if significant issues are affecting the progress of the Project. (h) If the ARC is not satisfied with the progress of any Project, further payment of Funds will not be made until satisfactory progress has been made on the Project. If satisfactory progress is still not achieved within a reasonable period of time, the Funding may be terminated and all outstanding funds will be recovered by the ARC. (i) Unsatisfactory progress on any Project may be noted against any further Proposals under any ARC scheme submitted on behalf of the Research Hub Director or Training Centre Director and/or CI and will be taken into account in the assessment of those Proposals.

End of Year Report. and Progress Reporting by Exception (a) The Administering Organisation must submit an End of Year Financial Report by 31 March in the year following each full calendar year for which the Funding was awarded, in accordance with the instructions to be provided by the ARC each year. The form for this This report will be made available by the ARC in RMS, with instructions on the ARC website. (b) The End of Year Financial Report will contain information on all expenditure for that year for the Project a Centre on a Centre-by-Centre basis, including: i. any unspent Funds to be recovered by the CommonwealthARC; ii. any unspent Funds that the Administering Organisation is seeking to have carried over into the next year; and; iii. the reasons why the unspent Funds are required to be carried over or recoveredover; and iv. Progress Reports by exception on issues relating to academic reporting matters. (c) Under paragraph 58(1)(e) of the ARC Act, Funds provided by the Commonwealth ARC to the Administering Organisation which are not spent during the year of the Project Activity Funding Period to which those funds Funds were allocated may be carried over if approved by the ARC. If the Administering Organisation wishes any Funds to be carried over from one year to the next year, the Administering Organisation must request this approval in the End of Year Financial Report for the calendar year for which those Funds were initially paid. (d) All unspent Funds are to be reported to the ARC. If a carryover is requested, requested it must include all unspent Funds allocated to the Project Centre even if they are not located at the Administering Organisationsome Funds have been distributed to an Other Eligible Organisation through a Participating Organisation agreement. (e) Where a carryover is requested for 75 per cent or more of the Funds allocated for a Centre for a calendar year (excluding any Funds carried over from the previous calendar year), additional justification must be provided. (f) Funds may be carried over more than 12 months only in exceptional circumstances and subject to approval by the ARC. Additional justification must be provided in this instance. (g) A Progress Report by Exception must indicate if significant issues are affecting the progress of the Project. (h) If the ARC is not satisfied with the progress of any Project, further payment of Funds will not be made until satisfactory progress has been made on the Project. If satisfactory progress is still not achieved within a reasonable period of time, the Funding may be terminated and all outstanding funds will be recovered by the ARC. (i) Unsatisfactory progress on any Project may be noted against any further Proposals under any ARC scheme submitted on behalf of the Research Hub Director or Training Centre Director and/or CI and will be taken into account in the assessment of those Proposals.

End of Year Report. and Progress Reporting by Exception (a) The Administering Organisation must submit an End of Year Financial Report by 31 March in the year following each calendar year for which the Funding was awarded, in accordance with the instructions to be provided by the ARC each year. The form for this report will be made available by the ARC in RMS, with instructions on the ARC website. (b) The End of Year Financial Report will contain information on all expenditure for that year for the Project including: i. any unspent Funds to be recovered by the Commonwealth; ii. any unspent Funds that the Administering Organisation is seeking to have carried over into the next year; and iii. the reasons why the unspent Funds are required to be carried over or recovered. (c) Funds provided by the Commonwealth to the Administering Organisation which are not spent during the year of the Project Activity Period to which those funds were allocated may be carried over if approved by the ARC. If the Administering Organisation wishes any Funds to be carried over from one year to the next year, the Administering Organisation must request this approval in the End of Year Financial Report for the calendar year for which those Funds were initially paid. (d) All unspent Funds are to be reported to the ARC. If a carryover is requested, it must include all unspent Funds allocated to the Project even if they are not located at the Administering Organisationsome Funds have been distributed to an Other Eligible Organisation through a Participating Organisation agreement. (e) Where a carryover is requested for 75 per cent or more of the Funds allocated for a calendar year (excluding any Funds carried over from the previous calendar year), additional justification must be provided. (f) Funds may be carried over more than 12 months only in exceptional circumstances and subject to approval by the ARC. Additional justification must be provided in this instance. (g) A Progress Report by Exception must indicate if significant issues are affecting the progress of the Project. (h) If the ARC is not satisfied with the progress of any Project, further payment of Funds will not be made until satisfactory progress has been made on the Project. If satisfactory progress is still not achieved within a reasonable period of time, the Funding may be terminated and all outstanding funds will be recovered by the ARC. (i) Unsatisfactory progress on any Project may be noted against any further Proposals under any ARC scheme submitted on behalf of the Research Hub Director or Training Centre Director and/or CI and will be taken into account in the assessment of those Proposals.