DETAILED DESCRIPTION OF THE ACTIVITY INCLUDING THE PROJECTS The Activity has a number of Sub-projects including: Sub-project 1 System Retirement [details TBC] – Sub-project 2 Channel Lining [details TBC] – as more fully described in the Milestone Schedule and the application for Organisation’s funding under Round 3 of PIIOP. MILESTONE SCHEDULE 1.8 The following table details the Activity Milestones. Each Milestone payment will be due and payable on satisfactory completion of the last activity comprising the Milestone. Milestone Description Indicator / Evidence Due Date Payment value Milestone (excl GST) Item Milestone 1 Milestone Report $[TBC] [TBC] 1a Funding Agreement for the PIIOP Copy of signatory pages from project for the Funding Agreement agreed [Organisation name] executed by the Organisation and the by the Department and the Department. Organisation. 1b Invoice issued by the Organisation to Correctly rendered invoice. the Department for $[TBC] (GST exclusive). Milestone 2 Milestone Report $[TBC] [TBC] Audit Report Expenditure Report 2a Establishment of project management Documents outlining project arrangements, including roles and management arrangements responsibilities for project approved by the Board and management. Board minutes approving the arrangements. 2b Establishment of the framework for Documents outlining the managing Individual Irrigator framework for managing involvement in the project, including Individual Irrigator involvement the framework for the Panel in the project approved by the Arrangement. Board and Board minutes approving the framework. 2c Water Acquisition Step 1: Copy of correspondence that Organisation provides all information provided all information and and documentation necessary for the documentation required for Department to undertake conveyancing conveyancing due diligence. due diligence check on the first tranche
DETAILED DESCRIPTION OF THE ACTIVITY INCLUDING THE PROJECTS The Activity has a number of Sub-projects including: Sub-project 1 – System Retirement [details TBC] Sub-project 2 – Channel Lining [details TBC] as more fully described in the Milestone Schedule and the Organisation’s application for funding under Round 3 of PIIOP. MILESTONE SCHEDULE 1.8 The following table details the Activity Milestones. Each Milestone payment will be due and payable on satisfactory completion of the last activity comprising the Milestone. Milestone Item Milestone Description Indicator / Evidence Due Date Payment value (excl GST) Milestone 1 Milestone Report [TBC] $[TBC] 1a Funding Agreement for the PIIOP project for [Organisation name] executed by the Organisation and the Department. Copy of signatory pages from the Funding Agreement agreed by the Department and the Organisation. 1b Invoice issued by the Organisation to the Department for $[TBC] (GST exclusive). Correctly rendered invoice. Milestone 2 Milestone Report Audit Report Expenditure Report [TBC] $[TBC] 2a Establishment of project management arrangements, including roles and responsibilities for project management. Documents outlining project management arrangements approved by the Board and Board minutes approving the arrangements. 2b Establishment of the framework for managing Individual Irrigator involvement in the project, including the framework for the Panel Arrangement. Documents outlining the framework for managing Individual Irrigator involvement in the project approved by the Board and Board minutes approving the framework. 2c Water Acquisition Step 1: Organisation provides all information and documentation necessary for the Department to undertake conveyancing due diligence check on the first tranche Copy of correspondence that provided all information and documentation required for conveyancing due diligence.
piiop-r3-sample-funding-agreement.docx