South Australian Current Acts

PUBLIC FINANCE AND AUDIT ACT 1987 - SECT 20

20—Fees in respect of provision of guarantees and indemnities

        (1)         Subject to subsection (4), if—

            (a)         the Treasurer has provided a guarantee or indemnity either under this Act, the repealed Public Finance Act or under some other law; or

            (b)         a guarantee or indemnity by the Treasurer has arisen by operation of law,

the Treasurer may, during the currency of the guarantee or indemnity, charge periodic fees in respect of the provision of the guarantee or indemnity.

        (2)         The amount of a periodic fee to be charged by the Treasurer under subsection (1) will, subject to the regulations, be fixed by the Treasurer.

        (3)         A fee charged by the Treasurer under this section may be recovered as a debt.

        (4)         The powers conferred by this section must not be exercised in relation to a guarantee under section 14 of the Industries Development Act 1941 .