South Australian Consolidated Acts

LOCAL GOVERNMENT FINANCE AUTHORITY ACT 1983 - SECT 37

37—Rules of the Authority

        (1)         Subject to this Act, the Authority must have rules that—

            (a)         make provision for the nomination and election of persons as elected members of the Board; and

            (b)         set out—

                  (i)         the procedures for placing items of business on the agenda for general meetings of the Authority; and

                  (ii)         the procedures to be followed at general meetings of the Authority.

        (2)         The Authority may—

            (a)         make provision in its rules for matters other than those referred to in subsection (1); and

            (b)         amend its rules in accordance with procedures set out in the rules.

        (3)         However, the rules, and any amendments to the rules, have no force or effect unless and until—

            (a)         approved at a general meeting of the Authority; or

            (b)         approved by a majority of the members of the Authority in accordance with a procedure set out in the rules.

        (4)         The annual report must include details of any amendments made to the rules during the relevant financial year.