South Australian Consolidated Acts

SOUTH AUSTRALIAN CO-OPERATIVE AND COMMUNITY HOUSING ACT 1991 - SECT 16

16—Functions and powers of SAHT

        (1)         The functions of SAHT include—

            (a)         to assist the Minister in connection with the administration of this Act and to exercise statutory powers conferred by this Act;

            (b)         to report to the Minister, on its own initiative or when requested to do so by the Minister, on any matter relating to housing co-operatives or housing associations;

            (d)         to ensure the full and proper accountability of any housing co-operative, secondary co-operative or housing association that receives funds or other forms of assistance from SAHT or another government agency or instrumentality;

            (h)         to manage funds that come under SAHT's control in connection with the operation of this Act;

            (k)         to liaise with other government agencies or instrumentalities that provide assistance or services to housing co-operatives or housing associations, or that are otherwise involved in the housing sector;

            (n)         to perform other functions assigned to SAHT by or under this Act or by the Minister.

        (2)         Except in relation to the provision of advice and reports to the Minister, SAHT will, in the performance of its functions under this Act, be subject to the control and direction of the Minister.

        (3)         SAHT may establish such committees (including advisory committees or subcommittees) as it thinks fit to assist it in the performance of its functions under this Act.

        (4)         For the purposes of this Act, SAHT may—

            (a)         with the consent of the Minister—

                  (i)         establish and operate accounts with financial institutions;

                  (ii)         invest money held by it;

                  (iii)         borrow money;

                  (iv)         issue, sell, purchase, pay-off, redeem, convert or otherwise deal in or with securities or shares;

                  (v)         enter into contracts of guarantee;

            (b)         acquire, hold, deal with and dispose of real and personal property;

            (c)         enter into agreements and arrangements of any kind and acquire or incur rights or liabilities;

            (d)         charge fees in relation to the provision of services by SAHT in connection with the operation of this Act;

            (e)         exercise any other powers that are contemplated by this Act or necessary or expedient for the efficient and effective performance of SAHT's functions under this Act.

        (5)         SAHT may, by arrangement with the appropriate authority, make use of the services, facilities or staff of a government department, agency or instrumentality.