South Australian Numbered Acts South Australian Numbered Acts48—Minister's approval required
(1) If a trust is
indebted to the Crown, the Minister or 1 or more other agencies or
instrumentalities of the Crown in an amount that exceeds $50 000 or in
2 or more amounts that together exceed $50 000, the trust must
not—
(a)
declare a water supply charge or drainage charge; or
(b) fix
a rate of interest for the late payment of charges,
without first obtaining the Minister's approval.
(2) Non-compliance
with subsection (1) does not affect the validity of a charge or rate of
interest declared or fixed by a trust.