FINANCIAL ASSISTANCE GRANT PROGRAM - COLAC OTWAY

The Financial Assistance Grant program consists of two components:

• a general purpose component which is distributed between the states and territories according to population (i.e. on a per capita basis), and
• an identified local road component which is distributed between the states and territories according to fixed historical shares.

Both components of the grant are untied in the hands of local government, allowing councils to spend the grants according to local priorities.

Local government grants commissions in each state and the Northern Territory recommend the distribution of the funding under the Financial Assistance Grant program to local governing bodies in accordance with the Act and the National Principles for allocating grants.

The grant is paid in quarterly instalments to state and territory governments for immediate distribution to local governing bodies.

The quantum of the grant pool changes annually in line with changes in population and the Consumer Price Index (the Act provides discretion to the Treasurer to alter this annual indexation).

Funding Source | Financial Assistance Grants
Responsible Entity for the Works | Local Government