8.5 Interest
If the Recipient fails to make a payment or use the amount as required by clause 8.4(a), (b) or (c) (as the case may be):
(a) the Recipient must pay the Department Interest on the relevant amount from the date it was due, for the period it remains unpaid; and
(b) the relevant amount, and Interest owed under clause 8.5(a) will be recoverable by the Department as a debt due from the Recipient.
9. Records, Reports and acquittals
9.1 Records and accounts
The Recipient must:
(a) keep comprehensive and accurate accounts and records of its use of the Funds, that can be separately identified from other accounts and records of the Recipient; and
(b) retain the accounts and records referred to in this clause 9 for the Agreement Period and a further period of seven years from the expiry or termination of this Agreement or such longer period as may be required by Law.
9.2 Recipient must keep records
The Recipient must keep comprehensive written records of the conduct of the Project including progress against the Milestones and the achievement of the Project Outcomes.
9.3 Provision of records to the Department
The Recipient must:
(a) deliver information and other Material (including Reports) produced under or in connection with this Agreement and otherwise as reasonably required by the Department; and
(b) provide all information and other Material (including Reports) to the Department in accordance with the timeframes specified in this Agreement and otherwise promptly upon demand.
9.4 Financial records
The Recipient must keep financial records relating to the Project so as to enable:
(a) all revenue and expenditure related to the Project to be identified in the Recipient’s accounts;
(b) the preparation of Financial Information; and
(c) the Audit of those records.
9.5 Reports
(a) Without limiting the Recipient's other obligations under this Agreement, the Recipient must provide to the Department the Reports in accordance with Item 5 of the Project Particulars, and in the form of the template specified by the Department from time to time (to be given to the Recipient at a later date).
(b) If the Department notifies the Recipient that a Report submitted is not to the Department’s satisfaction, the Recipient must make the required amendments and resubmit the Report to the Department.