SAFA is subject to the control and direction of the Treasurer of South Australia, who in turn is responsible to the Parliament of South Australia for the proper administration of the SAFA Act. The Under Treasurer has authority and is responsible for SAFA’s operations with executive management of SAFA being vested in SAFA’s Chief Executive Officer.

SAFA Advisory Board

The SAFA Advisory Board was established to advise the Treasurer and the Under Treasurer on issues pertaining to SAFA’s operations.

The Advisory Board has two functions under the Government Financing Authority Act 1982:

• to provide advice to the Treasurer or the Under Treasurer on any question relating to the exercise by the Authority of its powers, functions or duties under this Act; and
• to provide that advice, even if a request has not been made by the Treasurer or the Under Treasurer

Advisory Board Membership

SAFA’s Act specifies that the Advisory Board must consist of not less than five and not more than seven members, one of which must be employed by a South Australian semi-government authority and one of which must have insurance expertise.

Members

SAFA Risk and Performance Committee

The Risk and Performance Committee provides independent advice to the Under Treasurer on SAFA’s financial and performance reporting responsibilities, risk management, and internal control systems.  The committee consists of three members.