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YLT Terms & Conditions

YLT Terms & Conditions

Standard Conditions and Notes: 

Purpose of the Fellowships

  • The purpose of the Oaktree Young Leaders Fellowships is to work towards the achievement of the eradication of extreme poverty.  The means by which is does this is provide financial support to persons between the age of 16-26 (to be known as Fellows) making an exceptional voluntary commitment in Australia to the eradication of global poverty.
  • The Trust awards fellowships on the basis of a Fellow’s commitment, excellence and leadership capacity applied in performing a significant volunteer role for a not for profit organisation in Australia, with the desire to apply their talents and knowledge to contribute to the eradication of global poverty.
  • The Trust recognises that this kind of voluntary commitment is difficult to sustain without financial support, and therefore the Trust seeks to provide financial support to persons who would otherwise not be able to perform their volunteer role.
Expectations on an Oaktree Young Leaders Trust Fellow
  • We expect that you will abide by the regulations of the Trust, as set out in these Terms and Conditions.
  • In order to enable the Committee to ensure the Trust funds are properly applied according to the terms of the Trust, you must inform the Committee immediately of any significant changes that may affect your Fellowship, namely:
    • Changes to the nature of your volunteer role;
    • If the weekly hours of commitment drop below the minimum requirement for your Fellowship;
    • If you intend to finish performance of your volunteer role prior to expected end date listed in your Fellowship;
    • If you start receiving financial support from your not for profit organisation, for performance of your volunteer role;
    • If your financial circumstances change such that you no longer require the Fellowship in order to fulfill the responsibilities of your volunteer role;
    • If you find yourself with difficulties of a medical, financial or academicnature that cannot be resolved in the first instance by yourself and your Manager, and if you find it necessary to leave your volunteer role for an extended period (ie. greater than 10% of the fellowship duration);
    • If there are any changes to your bank account details.
  • You are expected to dedicate yourself to your volunteer role and demonstrate high levels of responsible conduct and ethics in your performance of that role by abiding by the attached Code of Conduct.
  • To enable the Committee to ensure that the Fellowships are achieving the purpose of the Trust, we require you to complete and submit a report to the Trust every quarter on the progress of your volunteer role; your Manager may also be asked to contribute to this report. 
  • We expect that you will give as much notice as possible of any plans to finish performance of your volunteer role prior to expected end date listed above.  The Trust expects at least 1 months’ notice.  If insufficient notice is provided and a payment is made for a period during which you will no longer be volunteering, we expect that you will reimburse the Trust for the relevant portion of the payment.
  • You are expected to independently seek advice on the impact of the Fellowship payment(s) on your tax situation and any Centrelink benefits you currently or in future might receive
How your Fellowship is paid
  • Your Fellowship will be paid periodically as per the dates and amounts within the terms of your fellowship, directly into your personal bank account.
  • Please carefully list your bank account details in the section provided below and inform the Trust immediately if there are any changes, or if you do not receive a scheduled payment. 
  • The Trust will email you to notify you that a payment has been made into your account.
  • The Trust will provide you with an annual statement detailing the payment(s) made to you during the financial year. 
Publicity 
  • By accepting this Fellowship you are giving the Trust permission to use information about you to publicise your success in a variety of media, including but not restricted to the Trust’s website and other publications. The Trust will never make your email, telephone number(s) or address public.
  • The Trust expects that the support given to you by the Oaktree Young Leaders Trust will be acknowledged and promoted wherever appropriate, both during and after your Fellowship (e.g. conferences, lectures, publications, media interviews etc).
  • You are encouraged to send news of your successes and any media coverage to youngleaderstrust@oaktree.org
Responsibilty to disclose income to Centrelink & the Tax Office 

You are expected to independently seek advice on the impact of the Fellowship payment(s) on your tax situation and any Centrelink benefit you currently or in the future might receive.  It is your responsibility to ensure that any income is appropriately disclosed.

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