(1) This section applies if an amount is to be debited from the Account for the purpose of making a grant of financial assistance to a person, or a body, other than a State.
(2) The terms and conditions on which that financial assistance is granted are to be set out in a written agreement between the Commonwealth and the person or body.
(3) An agreement under subsection (2) may be entered into:
(a) by either of the following Ministers on behalf of the Commonwealth:
(i) the Minister;
(ii) the Agriculture Minister; or
(b) jointly by both of the following Ministers on behalf of the Commonwealth:
(i) the Minister;
(ii) the Agriculture Minister.
Note: State is given an extended meaning by section 54.