4.3 Project Budget
(a) Subject to clause 4.3(b), the Recipient must:
(i) perform the Project; and
(ii) only spend the Funds,
in accordance with the Project Budget, and must not make any amendments to the Project Budget unless approved in writing by the Department.
(b) The Recipient may transfer the Funds between categories of expenditure items within the Project Budget, without the consent of the Department, provided that such transfer does not exceed:
(i) 10 per cent of the relevant expenditure item specified in the Project Budget for a financial year from which the amount of Funds is being transferred; or
(ii) $50,000, if the amount in clause 4.3(b) (i) is greater than $50,000.
(c) For the avoidance of doubt, the Department’s approval of the Project Budget or any amendment to the Project Budget does not in any way limit the Recipient’s obligations under this Agreement.
4.4 Management of Conflicts of Interest
(a) The Recipient warrants, to the best of its knowledge, as at the Commencement Date, that no Conflict of Interest exists or is likely to arise in the performance of the Recipient's obligations under this Agreement.
(b) If during the Agreement Period, a Conflict of Interest arises, or appears likely to arise, the Recipient must:
(i) immediately notify the Department in writing of the Conflict of Interest making a full disclosure of all relevant information relating to the Conflict of Interest and setting out the steps the Recipient proposes to take to resolve or otherwise deal with the Conflict of Interest; and
(ii) take such steps as the Department may reasonably require to resolve or otherwise deal with that Conflict of Interest