signing a grant agreement and how payments are made. Organizations should seek independent legal advice on the terms and practical consequences of their Commonwealth grant agreements. The fact sheet below provides guidance on some important concepts that should be known to funded organizations. The fact sheet will be more useful if you read it with your issue file. If your proposal is accepted, you will be asked to sign a detailed contract called the Grant Agreement. Intermediate and final payments are contingent on project results. It is important to report on the progress of your project in accordance with the reference schedule of the grant agreement. The documents that make up the agreement between the Commonwealth government and the funded agency will be different and may contain the following documents: The Department of Finance has published a series of public financial assistance models that will be used by Commonwealth units when they enter into grant agreements in 2018. Subsidies are usually paid in several tranches over the life of the project. Once you have signed the grant contract, you will receive a pre-financing that can be followed by one or more interim payments. You will receive the last payment after the project is completed. These models are intended to replace specific agency agreement models, including Department of Social Services (DSS) models.
The DSS-Streamlined-Grant agreement is not part of the Ministry of Finance`s submission suite and will expire as DSS enters into new grant agreements with local organizations. The Commonwealth Simple Grant Agreement is not just a document – it consists of a series of documents. Subsidized organizations must ensure that they are aware of the conditions of all documents, as they together form the Commonwealth Simple Grant Agreement. We have developed a fact sheet on the Commonwealth Simple Grant Agreement (part of the Department of Finance collection). The Commonwealth Simple Grant Agreement is based on and replaces the previous “Low Risk Grant Agreement” and contains additional design options for additional conditions. As a candidate, you may need to follow a number of steps at this point.