CTHRepealedAct
Nation-building Funds Act 2008
194Channelling of State/Territory grants payments through the COAG Reform Fund
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#### 194 Channelling of State/Territory grants payments through the COAG Reform Fund
(1) The Finance Minister may, by writing, direct that a specified amount is to be:
(a) debited from the Education Investment Fund Special Account; and
(b) credited to the EIF Education Portfolio Special Account;
on a specified day.
(2) The direction must be expressed to be given in order to enable the specified amount to be:
(a) transferred from the EIF Education Portfolio Special Account to the COAG Reform Fund; and
(b) debited from the COAG Reform Fund for the purpose of making a specified grant of financial assistance to a State or Territory.
(3) A grant specified under subsection (2) must be:
(a) a grant of financial assistance to a vocational education and training provider in relation to education infrastructure; or
(b) a grant of financial assistance in relation to a designated education infrastructure‑related matter.
(4) 2 or more directions under subsection (1) may be set out in the same document.
(5) A direction under subsection (1) is not a legislative instrument.
(6) The Finance Minister must give a copy of a direction under subsection (1) to the Treasurer and the Education Minister.