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PROCEEDS OF CRIME ACT 2002 - SECT 298E

Channelling State/Territory grants through the Federation 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 * Federation Reform Fund.

  (2)   The direction must be expressed to be given in order to enable the amount to be debited from the * Federation 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.



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