Legislative Council - Fifty-Second Parliament, Second Session (52-2)
2013-06-06 Daily Xml

Contents

AUDITOR-GENERAL'S REPORT

In reply to the Hon. S.G. WADE (1 November 2012).

The Hon. G.E. GAGO (Minister for Agriculture, Food and Fisheries, Minister for Forests, Minister for Regional Development, Minister for the Status of Women, Minister for State/Local Government Relations): I am advised:

1. The state government provides a guarantee of the borrowings of the Local Government Finance Authority of South Australia (LGFA), for which the LGFA pays a fee. The fee amount is negotiated as required between the LGFA and the SA Finance Authority. There are no guarantee or similar fees payable by individual Councils to the State as borrowings by individual councils are not guaranteed by the state government.

2. No.