House of Assembly
Fifty-Fourth Parliament, First Session (54-1)
54
1
Parliament of South Australia
House of Assembly
published
Estimates Replies
South Australian Government Financing Authority
South Australian Government Financing Authority
The Hon. S.C. MULLIGHAN
House of Assembly
Lee
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
House of Assembly
Treasurer
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.'