(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.