National Land Transport Act 2014

The Minister may, in writing, approve the provision of Commonwealth funding for a Transport Development and Innovation Project to the approved funding recipient. The Minister may, in writing, vary or revoke the approval.

The funding is to be provided in one or more instalments paid to the approved funding recipient. Subject to subsection (3), the amount and timing of an instalment are as determined by the Minister.

The total amount of funding provided for the project to the approved funding recipient must not exceed the maximum funding amount specified in the project approval instrument.

An instrument:

approving the provision of Commonwealth funding, or varying or revoking such an approval; or

determining the amount or timing of an instalment of funding;