South Australian Current Acts

LOCAL GOVERNMENT FINANCE AUTHORITY ACT 1983 - SECT 4

4—Establishment of the Authority

        (1)         The Local Government Finance Authority of South Australia is established.

        (2)         The Authority—

            (a)         is a body corporate with perpetual succession and a common seal; and

            (b)         is capable in its corporate name of acquiring, holding, dealing with and disposing of real and personal property; and

            (c)         is capable of acquiring or incurring any other rights or liabilities and of suing and being sued in its corporate name; and

            (d)         has the powers, authorities, duties and functions prescribed by or under this or any other Act.

        (3)         In any legal proceedings, an apparently genuine document purporting to bear the common seal of the Authority will be presumed, in the absence of proof to the contrary, to have been duly executed by the Authority.

        (4)         The Authority is a statutory authority established for the benefit of councils and other prescribed local government bodies within the State. It is not part of the Crown, nor is it an agency or instrumentality of the Crown.

        (5)         The Authority cannot be brought under the operation of the Public Corporations Act 1993 .