South Australian Consolidated Acts South Australian Consolidated Acts (1) The Treasurer may,
from time to time, direct that payments be made from the fund into the
Consolidated Account of amounts determined by the Treasurer.
(2) The Treasurer may
not direct that a payment be made from the fund under subsection (1)
except on the advice of an actuary that the balance of the fund remaining
after the payment should be sufficient to meet all present and future
liabilities of the fund under section 8.
(3) Any amount paid
into the Consolidated Account under subsection (1) must be paid to
the Trust which must apply the amount for the purpose of building cottage
flats or other dwellings to be let to persons in necessitous circumstances.
(4) This section is,
without further appropriation, sufficient authority for the making of payments
referred to in this section.
(5) The Trust must
include in its annual report to the Minister under section 19 of the South
Australian Housing Trust Act 1936 details for the financial year to which
the report relates of—
(a) its
receipts and expenditure of money paid from the Consolidated Account under
this section; and
(b)
building works carried out in pursuance of this section.
(6) In this
section—
"actuary" means a Fellow or Accredited Member of the Institute of Actuaries of
Australia;
"the Trust" means the South Australian Housing Trust.