20Channelling State/Territory grants through the Federation Reform Fund

20 Channelling State/Territory grants through the Federation Reform Fund

(1) If, under section 15A, the Health Minister requires the Finance Minister to debit a specified amount from the Medical Research Future Fund Special Account under this Subdivision, the Finance Minister must, by writing, direct that, on a specified day, the specified amount is to be: (a) debited from the Special Account; and (b) credited to the Federation Reform Fund. (2) 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 a State or Territory for the purposes of medical research and medical innovation. (3) Two or more directions under subsection (1) may be set out in the same document. (4) A direction under subsection (1) is not a legislative instrument. (5) The Finance Minister must give a copy of a direction under subsection (1) to the Treasurer and the Health Minister.