2.7 Within six months of the end of each twelve months of the grant, or at the termination of the grant, or at such other time as the Secretary may determine, the grantee or the responsible officer of the institution shall provide the secretary with a statement of expenditure and commitment of all grant money. These financial statements shall bear a declaration by the grantee or the responsible officer as to the correctness of the statement.

3 PERSONNEL

3.1 The grantee or persons engaged by the grantee or by the institution shall not, by virtue of the grant or of any conditions of the award, be in the service or employment of the Foundation and the grantee or the institution shall be responsible for affecting all insurances including Worker’s Compensation and for taking all other actions as the employer of persons so engaged.

3.2 No commitment shall be given by the grantee or the institution to employ persons under the grant unless in accordance with the conditions of the grant and provided that all commitment for expenditure is within the moneys allocated for this purpose under the grant. Expenditure under this clause shall include all costs of recreation leave, sick leave, superannuation and any other conditions of employment.

3.2 Recruitment conditions and appointment conditions shall be:
(a) in accordance with those of the institution except as modified by the Secretary, or
(b) in accordance with those approved by the Secretary.

4 EQUPIMENT AND MATERIALS

4.1 The procedures for purchasing, installing, maintaining and insuring items of equipment or material under the grant shall be:
(a) those of the institution, or
(b) as approved by the Secretary

4.2 Unless the Secretary otherwise determines, the property in all equipment purchased under the grant will be vested in the institution. Where the grantee is not affiliated with an institution, all property purchased under the grant will at the conclusion of the grant be disposed of as determined by the Secretary.

4.3 The grantee or any other person engaged in carrying out the approved project shall have first priority in the use and operation of the equipment and the grantee and the institution shall so far as practical permit persons authorised by the Secretary to have reasonable access to the equipment.

5 COMMERCIAL AGREEMENTS

5.1 The Council acknowledges that the Institution retains all Pre-existing and Developed Intellectual Property in, and associated with, the project. The Institution acknowledges that the Council is entitled to negotiate a reasonable share of any financial return from the Intellectual Property arising from the project.

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