This is a Commonwealth notifiable instrument made by the Secretary to the Department of the Treasury on 31 October 2023. It commenced on the day after registration, which was 2 November 2023 on the Federal Register of Legislation.
The instrument does not create a new public grant program by itself. Instead, it delegates decision-making powers for an existing program called the Small Business Cyber Wardens - ad hoc grant to the Council of Small Business Organisations of Australia Limited. In practical terms, it says which officials in the Department of Industry, Science and Resources can act on behalf of the Commonwealth for that program, what financial limits apply, and what directions they must follow.
The instrument is made under subsection 32D(3) of the Financial Framework (Supplementary Powers) Act 1997 and subsection 110(1) of the Public Governance, Performance and Accountability Act 2013. Those laws allow powers to be delegated and directions to be imposed on delegates.