Proceeds of Crime Act 2002

CHAPTER 4 - ADMINISTRATION  

PART 4-3 - CONFISCATED ASSETS ACCOUNT  

Division 4 - Grants to the States and Territories for crime prevention etc.  

SECTION 298E   Channelling State/Territory grants through the COAG Reform Fund  

298E(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 *COAG Reform Fund.

298E(2)    
The direction must be expressed to be given in order to enable the amount to be debited from the *COAG Reform Fund for the purpose of making the grant.

298E(3)    
Two or more directions under subsection (1) may be set out in the same document.

298E(4)    
A direction under subsection (1) is not a legislative instrument.

298E(5)    
The Minister must give a copy of a direction under subsection (1) to the Treasurer.