Commonwealth payments to states and territories made in accordance with Part 4 of the FFR Act for major reforms or projects, including payments made to support projects, facilitate major reforms and reward jurisdictions that deliver on nationally significant reforms. These payments are facilitated by the following types of agreements:
National Agreements, which define the mutually agreed objectives, outcomes, outputs and performance benchmarks or milestones related to the delivery of specific projects, improvements in service delivery or reform
Project Agreements, which are a simpler form of National Partnership, used for low value and/or low risk projects and
Implementation Plans, which are subsidiary documents to some National Partnership agreements that outline how an individual jurisdiction intends to achieve the outcomes and outputs specified in the overarching National Partnership.
Two other types of payments that the Commonwealth makes to the states and territories under the FFR Act are general revenue assistance and national specific purpose payments.