Stipend payment or unpaid internship
Vocational internships are usually unpaid as the student completes them in a degree program with specific learning outcomes and requirements that meet the needs of the Fair Work Act. In some industries, some organisations may choose to offer a stipend allowance to provide compensation for training during an internship, however, it is not compulsory.
Unless otherwise specified in the Internship Agreement, ownership of all Intellectual Property developed or created by the Student in the course of the internship (“Developed IP”) will usually vest in the Student. However, the student grants the Host Organisation a non- exclusive, royalty-free, perpetual licence to use the Developed IP for the Host Organisation’s regular business purposes.