South Australian Current Acts South Australian Current Acts (1) Liabilities
incurred or assumed by the Authority in pursuance of this Act are guaranteed
by the Treasurer.
(3) A borrowing of the
Authority (other than by way of acceptance of money on deposit or loan from a
council or prescribed local government body) requires the approval of the
Treasurer (which may be absolute or conditional).
(4) A liability of the
Treasurer under a guarantee arising by virtue of subsection (1) will be
satisfied out of the Consolidated Account which is appropriated by this
section to the necessary extent.
(5) The Authority is
liable to pay to the Treasurer such fees in respect of guarantees arising by
virtue of subsection (1) as are agreed, in writing, between the Authority
and the Treasurer or as are prescribed upon the recommendation of the
Treasurer made after consultation with the Authority.