29Making payments directly to corporate Commonwealth entities

29 Making payments directly to corporate Commonwealth entities

(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 debited from the Special Account to make a grant to a corporate Commonwealth entity for the purposes of supporting medical research and medical innovation.

Note: The Health Minister must publish on the internet information about the grant—see section 58.

(2) Two or more directions under subsection (1) may be set out in the same document. (3) A direction under subsection (1) is not a legislative instrument. (4) The Finance Minister must give a copy of a direction under subsection (1) to the Treasurer and the Health Minister.