3.1 Payment schedule
The payment schedule in the service agreement provides the basis for payments to organisations and includes details of the date and amount of payments to be made over one financial year.
The payment schedule is updated whenever funding is varied in the service agreement. A new payment schedule is established prior to the start of the second and third financial year of the three year service agreement.
Most organisations are paid on the first Tuesday of each month. Some larger organisations, such as health services, are paid twice-monthly on the first and third Tuesday.
The usual practice is to spread funding equally across the payment dates, with minor capital and establishment funding items paid as a lump sum. Funded organisations should discuss any specific cash flow requests with their departmental contact.
The payment schedule in the service agreement does not include amounts for Goods and Services Tax (GST). Where GST is payable, it is added to the scheduled payment when each payment is made. Organisations are issued with a remittance advice providing details of payments made. If GST is included, the department will issue a recipient created tax invoice (RCTI).
Details of all service agreement payments is provided via secure logon to the Funded Agency Channel (https://fac.dhs.vic.gov.au/home.aspx).