7Terms and conditions of grants

7 Terms and conditions of grants

Scope (1) This section applies if: (a) an amount is to be debited from the Federation Reform Fund for the purpose of making a grant of financial assistance to a State or Territory; and (ba) the grant is not covered by subsection 21(2) of the DisabilityCare Australia Fund Act 2013; and (baa) the grant is not covered by subsection 21(1) of the Medical Research Future Fund Act 2015; and (bab) the grant is not covered by section 36AB of the Future Drought Fund Act 2019; and (bac) the grant is not covered by section 33 of the Disaster Ready Fund Act 2019; and (bad) the grant is not covered by section 30 of the Housing Australia Future Fund Act 2023; and (d) the grant is not covered by section 75 of the Offshore Petroleum and Greenhouse Gas Storage Act 2006; and (e) the grant is not covered by section 298F of the Proceeds of Crime Act 2002. Terms and conditions (2) The terms and conditions on which that financial assistance is granted are to be set out in a written agreement between the Commonwealth and the State or Territory. (3) An agreement under subsection (2) may be entered into by a Minister on behalf of the Commonwealth.

Note 1A: The provision referred to in paragraph (1)(ba) deals with the channelling, through the Federation Reform Fund, of State/Territory grants payments from the DisabilityCare Australia Fund established by the DisabilityCare Australia Fund Act 2013. For terms and conditions of those grants, see the DisabilityCare Australia Fund Act 2013.

Note 1AA: The provision referred to in paragraph (1)(baa) deals with the channelling, through the Federation Reform Fund, of State/Territory grants payments from the Medical Research Future Fund established by the Medical Research Future Fund Act 2015. For terms and conditions of those grants, see the Medical Research Future Fund Act 2015.

Note 1AB: The provision referred to in paragraph (1)(bab) deals with the channelling, through the Federation Reform Fund, of State/Territory grants payments from the Future Drought Fund established by the Future Drought Fund Act 2019. For terms and conditions of those grants, see the Future Drought Fund Act 2019.

Note 1AC: The provision referred to in paragraph (1)(bac) deals with the channelling, through the Federation Reform Fund, of State/Territory grants payments from the Disaster Ready Fund referred to in the Disaster Ready Fund Act 2019. For terms and conditions of those grants, see the Disaster Ready Fund Act 2019.

Note 1AD: The provision referred to in paragraph (1)(bad) deals with the channelling, through the Federation Reform Fund, of State/Territory grants payments from the Housing Australia Future Fund established by the Housing Australia Future Fund Act 2023. For terms and conditions of those grants, see the Housing Australia Future Fund Act 2023.