Conditions, monitoring and reporting – PTE Strategic Fund

Conditions, monitoring and reporting – PTE Strategic Fund

Last updated 2 May 2023
Last updated 2 May 2023

If your PTE Strategic Fund application is successful, the funding conditions, monitoring, and reporting requirements will be set out in your Funding Agreement.

In the agreement, the specific deliverables for your initiatives will be based on the activities, milestones and deliverables that you proposed in your application, but we will negotiate with you to finalise these. We will also align the final schedule of milestones with business cycles.

We will make payments to you according to the milestones in your Funding Agreement.

Meeting contracted milestones

During the course of your Funding Agreement, you will need to provide us with evidence that you’ve completed the activities and achieved the deliverables described in your milestones.

If you don’t submit evidence for meeting a milestone, or if the evidence is not enough, TEC will recommend non-payment of that milestone.

We will retain the funds at that time, but we may pay them to you later in the year if you submit adequate evidence of meeting the milestone.

If you do not meet the milestones, then standard recovery processes and conditions will apply. These will be described in your Funding Agreement.