Commonwealth Consolidated Acts

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MEDICAL RESEARCH FUTURE FUND ACT 2015 - SECT 29

Making payments directly to corporate Commonwealth entities

  (1)   If, under section   15A, the Health Minister requires the Finance Minister to debit a specified amount from the Medical Research Future Fund Special Account under this Subdivision, the Finance Minister must, by writing, direct that, on a specified day, the specified amount is to be debited from the Special Account to make a grant to a corporate Commonwealth entity for the purposes of supporting medical research and medical innovation.

Note:   The Health Minister must publish on the internet information about the grant--see section   58.

  (2)   Two or more directions under subsection   (1) may be set out in the same document.

  (3)   A direction under subsection   (1) is not a legislative instrument.

  (4)   The Finance Minister must give a copy of a direction under subsection   (1) to the Treasurer and the Health Minister.



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