298EChannelling State/Territory grants through the Federation Reform Fund

298E Channelling State/Territory grants through the Federation Reform Fund

(1) If the Minister decides that a grant of financial assistance should be made to a State or Territory under section 298A, the Minister must, by writing, direct that, as soon as practicable, a specified amount (which must equal the amount of the grant) is to be: (a) debited from the *Confiscated Assets 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 the grant. (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 Minister must give a copy of a direction under subsection (1) to the Treasurer.