House of Assembly: Wednesday, September 11, 2019

Contents

South Australian Government Financing Authority

In reply to the Hon. S.C. MULLIGHAN (Lee) (24 July 2019). (Estimates Committee B)

The Hon. R.I. LUCAS (Treasurer): I have been advised the following:

Net debt of each PNFC entity is shown in table 5.6, page 81 of Budget Paper 3.

The amount of debt estimated to be borrowed by PNFC entities from SAFA across the forward estimates is provided in the table below.

Entity 2020Budget($million) 2021Estimate($million) 2022Estimate($million) 2023Estimate($million)
Adelaide Cemeteries Authority 1 7 19 25
Adelaide Festival Centre Trust 43 43 43 43
Adelaide Venue Management Corporation 382 382 382 382
SA Water Corporation 7043 7104 7213 7384
Urban Renewal Authority(Renewal SA) 305 243 206 193
West Beach Trust 9 9 9 8
Total PNFC Borrowings 7783 7789 7873 8036


Other than SAFA, HomeStart Finance is the only PFC entity that holds debt.

As at 30 June 2019, HomeStart Finance had debt to SAFA of $2.04 billion. It is expected that HomeStart debt will be maintained around that level over the forward estimates.'