194Channelling of State/Territory grants payments through the COAG Reform Fund

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.