5 Financial and Other Arrangements
5.1 Financial Arrangements
FaHCSIA uses standard Funding Agreements. Funding will only be provided in accordance with an executed funding agreement. The terms and conditions of FaHCSIA funding agreements cannot be changed.
The Funding Agreement will contain the entire agreement between the parties. There is no binding agreement on any parties until the Funding Agreement is agreed to and signed by the Delegate and the applicant’s Authorised Representative.
The Funding Agreement is the legal agreement between the Department and the service provider over the funding period. In managing funding provided, the service provider must comply with all the requirements of the Funding Agreement.
Funded service providers are responsible for ensuring that:
- the terms and conditions of the Funding Agreement are met,
- service provision is effective, efficient, and appropriately targeted,
- highest standards of duty of care are applied, and
- services are operated in line with, and comply with the requirements as set out within all State and Territory and Commonwealth legislation and regulations.
Providers should also be aware of any case based law that may apply or affect their service delivery.
Copies of the draft funding agreement and the Terms and Conditions – Standard Funding Agreement will be included with these documents during selection processes.