Government Financing Authority Act 1982 (SA)

South Australia Government Financing Authority Act 1982 An Act to establish a corporation to be known as the South Australian Government Financing Authority; to make provision relating to the financial powers and relations of the Authority, semi-government authorities and the Treasurer; and for other purposes.

Contents Part 1—Preliminary 1 Short title 4 Interpretation Part 2—Establishment of the Authority 5 Establishment of the Authority 6 Constitution of the Authority Part 3—Financial powers and relations of the Authority, semi‑government authorities and the Treasurer 11 Functions and powers of the Authority 11A Validity of transactions of Authority 12 Financial management 13 Authority subject to control and direction of Treasurer 14 Terms and conditions applying in relation to money provided by the Treasurer 15 Government guarantee 16 Power of semi-government authorities to borrow money from or deposit money with the Authority 17 Treasurer may deposit public money with the Authority 18 Treasurer may rearrange finances of semi-government authorities Part 3A—The South Australian Government Financing Advisory Board 18A Establishment of the Board 18B Membership of the Board 18C Allowances and expenses 18D Proceedings of the Board 18G Functions of the Board Part 4—Miscellaneous 19 Delegation 20 Staff 21 Semi-government authority to furnish certain information 22 Authority and Treasurer may charge fees 23 Liability of Authority to State taxes etc 24 Evidentiary provision 24A Records to be kept 25 Accounts and audit 26 Annual report 27 Summary procedure 28 Regulations Legislative history Appendix—Divisional penalties and expiation fees

The Parliament of South Australia enacts as follows: Part 1—Preliminary 1—Short title This Act may be cited as the Government Financing Authority Act 1982. 4—Interpretation (1) In this Act, unless the contrary intention appears: the Authority means the South Australian Government Financing Authority established under Part 2; the Board means the South Australian Government Financing Advisory Board established by Part 3A; loan means any form of financial accommodation (not being a grant) and lend and borrow have corresponding meanings; the Minister responsible in relation to a semi-government authority means the Minister having the administration of the Act by or under which the semi-government authority is constituted and includes a Minister who is a semi-government authority; semi-government authority means a body corporate— (a) that— (i) is constituted of a Minister of the Crown; or (ii) has a governing body comprised of or including persons or a person appointed by the Governor or a Minister or other instrumentality of the Crown; or (iii) is financed wholly or in part out of public funds; and (b) that is declared by proclamation to be a semi-government authority for the purposes of this Act, but does not include a council as defined in the Local Government Act 1934; security includes any document evidencing indebtedness; the Under Treasurer means the person for the time being holding or acting in the office of Under Treasurer. (2) The Governor may, by proclamation, declare a body corporate to be a semi-government authority for the purposes of this Act. (3) The Governor may, by proclamation, vary or revoke a declaration under subsection (2). Note— For definition of divisional penalties (and divisional expiation fees) see Appendix.