South Australian Housing Trust Act 1995

If SAHT is required to comply with this section, SAHT must, before the end of each financial year, recommend to the Minister that SAHT pay a specified dividend, or not pay a dividend, for that financial year, as SAHT considers appropriate.

The Minister may, in consultation with the Treasurer, by notice to SAHT—

approve a recommendation of SAHT under subsection (1); or

determine that a specified dividend be paid, or that no dividend be paid, as the Minister and the Treasurer consider appropriate.

SAHT must, if so required by the Minister at any time during a financial year, recommend to the Minister that a specified interim dividend or specified interim dividends be paid by SAHT for that financial year, or that no such dividend or dividends be paid by SAHT, as SAHT considers appropriate.

The Minister may, in consultation with the Treasurer, by notice to SAHT—

approve a recommendation of SAHT under subsection (3); or

determine that an interim dividend or interim dividends be paid, or that no interim dividend be paid, as the Minister and the Treasurer consider appropriate.

If a dividend or interim dividend or dividends is or are to be paid by SAHT, the dividend or interim dividend or dividends must be paid by SAHT to the Minister in the manner and at the time or times determined by the Minister in consultation with the Treasurer.

If the Minister receives an amount from SAHT under this section, the amount must be applied towards a purpose or purposes associated with the provision of housing within the State.

A recommendation under this section must be made by SAHT itself and may not be made by a person or committee pursuant to a delegation.

SAHT is required to comply with this section if directed to do so by the Minister in consultation with the Treasurer.