South Australian Current Acts South Australian Current Acts (1) Despite the
provisions of any other Act, a semi-government authority may, with the consent
of the Treasurer, enter into a financial arrangement.
(2) Despite the
provisions of any other Act, a semi-government authority must not enter into a
financial arrangement without the consent of the Treasurer.
(3) The consent of the
Treasurer under this section—
(a) may
be conditional; and
(b) may
relate to a proposed financial arrangement or may relate to
financial arrangements of a particular kind or financial arrangements
generally, that the semi-government authority may wish to enter into in the
future; and
(c) may
be varied or revoked by the Treasurer at any time in respect of
financial arrangements not yet entered into.
(4) The Treasurer's
consent is not required under this section to financial arrangements entered
into by SAFA.
(5) Subject to any
express agreement to the contrary, a person who has entered into a
financial arrangement with a semi-government authority is under no
obligation—
(a) to
enquire into—
(i)
the manner in which the semi-government authority applies
the money or other property provided under the arrangement; or
(ii)
the actions of the semi-government authority in relation
to any other benefit provided under the arrangement; or
(b) to
take any action—
(i)
in relation to any misapplication of such money or
property by the authority; or
(ii)
in relation to the actions of the authority in relation
to any such benefit.
(6) If under another
Act a semi-government authority is not permitted to enter into a
financial arrangement without the consent or approval of the Treasurer, the
consent of the Treasurer under this section will be taken to be consent or
approval for the purposes of the other Act even though the other Act may
require consent or approval to the specific financial arrangement.