Document ID: chunk:federal_register_of_legislation:C2021A00003:clause:7_298e
Version: federal_register_of_legislation:C2021A00003
Segment Type: clause
Provision Reference: sch 7 cl 298E
Character Range: 109219–110053

298E  Channelling State/Territory grants through the COAG 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 *COAG Reform Fund.
 (2) The direction must be expressed to be given in order to enable the amount to be debited from the *COAG 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.