House of Assembly Fifty-Fourth Parliament, Second Session (54-2) 54 2 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) (28 July 2021). (Estimates Committee B) The Hon. R.I. LUCAS House of Assembly Treasurer The Hon. R.I. LUCAS (Treasurer): I have been advised the following: This item reflects actual and budgeted indemnity payments made by the Administered Items of the Department of Treasury and Finance to SAFA for building indemnity insurance (SAFA Insurance Fund 3). The Treasurer indemnifies SAFA for the financial outcomes of the fund and the payments represent the extent to which insurance payouts exceed premium revenue in a year. The 2021-22 budget of $0.618 million is an accounting estimate based on actuarial advice. The final amount paid in 2021-22 will be based on actual activity in 2021-22.