The Commission shall inquire into and report to the Minister upon:
(a) any application made by a State for the grant, under section 96 of the Constitution, of special assistance to the State;
(b) any matters, being matters relating to a grant of assistance made under that section to a State either before or after the commencement of this Act, that are referred to the Commission by the Minister; and
(c) any matters, being matters relating to the making of a grant of assistance under that section to a State, that are referred to the Commission by the Minister.