The next instrument in the hierarchy is a high-risk grant instrument. The difference between this instrument and the low-risk grant is simply a greater attention to addressing risk issues that may relate to the proposed funding agreement. The working group considered that a notional threshold of $400,000 could be set for this instrument, taking into account the risks that might be associated with the grant on a case-by-case basis. Performance Framework describes the systems and processes used by the department to ensure that health services are delivered in accordance with HHS service agreements. Nevertheless, the Working Group was aware that there would likely be circumstances in which, despite a low overall value, the financing agreement might involve particular risks or concerns that would make an exchange of letters an inappropriate instrument and recommended that those issues be taken into account or not in decisions on the use of a memorandum of understanding. One of the issues raised by the task force is that community sector organizations may have many separate funding agreements with the ACT government, each of which has similar and overlapping reporting obligations and each requires separate management by the industry organization and the government. This problem has two aspects. The first consists of several financing agreements within a single programme area; The second is the financing of agreements covering several areas of the programme and, possibly, several directions. A grant is money awarded to organizations or individuals for specific purposes to achieve objectives consistent with government policy.
[and] is generally used to include any financing agreement in which the beneficiary is selected on the basis of a number of criteria. Grants can take different forms, including ad hoc payments, competition assessments or if certain criteria are met. The $5 billion Health and Hospital Fund (HHF), established under the National Building Funds Act 2008, as part of the Commonwealth`s commitment to the National Health Infrastructure Partnership Agreement, will soon cease operations. HHF supports health and hospital infrastructure projects of national importance, for example for cancer services or projects in the regions. The new Medical Research Future Fund, announced in this budget, will be funded in part at $US 1 billion of unlisted funds from HHF. Subsequently, the HHF was abolished by the repeal of the National Building Funds Act 2008. Projects initiated for 2017-18, including the national component of the cancer control system and the regional priority, will continue to be funded by a special allocation after their elimination.  From 2014 to 2015, the Commonwealth will also cease the financing guarantees agreed under the NHRA. As part of the funding guarantee, the Commonwealth promised that no state would be worse off financially due to the transition to nrHA-based funding agreements, which apply between 2014 and 2015. The Commonwealth has guaranteed that its contribution will exceed by at least $16.4 billion the amount received by states and territories under the replaced funding model.  The termination of the financing guarantee means that payments of up to $574 million, which were scheduled to begin in July 2014, will not continue.
 In response, the Victorian government now requires that non-governmental organizations funded for the provision of services to children be as follows: the ACT uses the standard for funding service services for virtually all contractual relationships with the community sector, regardless of the importance or triviality of the relationship. . . .