(1) The TSRA may make a grant of money to:
(a) the State of Queensland; or
(b) an authority of the State of Queensland (including a local government body);
for the purpose of furthering the social, economic or cultural development of Torres Strait Islanders, or Aboriginal persons, living in the Torres Strait area.
(2) The TSRA may make a loan of money to:
(a) the State of Queensland; or
(b) an authority of the State of Queensland (including a local government body);
for the purpose of furthering the social, economic or cultural development of Torres Strait Islanders, or Aboriginal persons, living in the Torres Strait area.
(3) A grant or loan is subject to such terms and conditions as the TSRA determines.