South Australian Housing Trust Act 1995

The board is responsible to the Minister for overseeing the operations of SAHT (and any subsidiary) with the goal of—

achieving continuing improvements in the provision of secure and affordable public housing; and

providing transparency and value in managing the resources available to SAHT and meeting Government and community expectations as to probity and accountability; and

achieving appropriate social justice objectives and the fulfilment of SAHT's community service obligations.

Without limiting the effect of subsection (1), the board must for that purpose ensure as far as practicable—

that appropriate strategic and operational plans and targets are established; and

that SAHT (and any subsidiary) have appropriate management structures and systems for monitoring management performance against plans and targets and that corrective action is taken when necessary; and

that appropriate systems and practices are established for management and financial planning and control, including systems and practices for the maintenance of accurate and comprehensive records of all transactions, assets and liabilities and physical and human resources of SAHT (and any subsidiary); and

that all such plans, targets, structures, systems and practices are regularly reviewed and revised as necessary to address changing circumstances and reflect best current commercial practices; and

that the Minister receives regular reports on the performance of SAHT (and any subsidiary), and on the initiatives of the board; and

that the Minister is advised, as soon as practicable, of any material development that affects the financial or operating capacity of SAHT (or any subsidiary) or gives rise to an expectation that SAHT (or any subsidiary) may not be able to meet its debts as and when they fall due.