(1) Commonwealth funding for an Investment Project may be provided to the approved funding recipient:
(a) in accordance with section 17; or
(b) if the project approval instrument states that the approval is conditional on a funding agreement being entered into--in accordance with a funding agreement, entered into with the approved funding recipient, that satisfies the requirements of section 14.
(2) The payments of funding are to be made out of money appropriated by the Parliament.