10Grants to the States and Territories—channelling of State/Territory grants payments through the Federation Reform Fund

10 Grants to the States and Territories—channelling of State/Territory grants payments through the Federation Reform Fund

(1) The purpose of this section is to ensure that amounts in the Fuel Indexation (Road Funding) special account are transferred to the Federation Reform Fund as soon as practicable in order to make grants of financial assistance to the States and Territories for expenditure in relation to Australian road infrastructure investment. (2) The Infrastructure Minister may, by writing, direct that a specified amount is to be: (a) debited from the Fuel Indexation (Road Funding) special account; and (b) credited to the Federation Reform Fund; on a specified day. (3) The direction must be expressed to be given in order to enable the amount to be debited from the Federation Reform Fund for the purpose of making a specified grant of financial assistance to the States and Territories for expenditure in relation to Australian road infrastructure investment. (4) Two or more directions under subsection (2) may be set out in the same document. (5) A direction under subsection (2) is not a legislative instrument.