Who We Are

Authority Profile

The Local Government Finance Authority of South Australia (the Authority) is a Statutory Authority and was established pursuant to the Local Government Finance Authority Act 1983 (LGFA Act).

The functions of the Authority as per section (21) of the LGFA Act are as follows:

  • a) to develop and implement borrowing and investment programmes for the benefit of councils and prescribed local government bodies; and
  • b) to engage in such other financial activities as are determined by the Minister, after consultation with the Local Government Association, to be in the interests of local government.

As per section (4) of the LGFA Act, the Authority is a statutory authority established for the benefit of councils and other prescribed local government bodies within the State. It is not part of the Crown, nor is it an agency or instrumentality of the Crown.

Local Government Research and Development Fund

LGFA makes payments equivalent to Company Income Tax directly into a fund that is used exclusively for the benefit of South Australian Local Government.

The funds in this account are available for local government development purposes based on recommendations by the Local Government Association of South Australia that have the support of the South Australian Minister for Local Government. It is a requirement that the LGFA has no involvement in the control or dispersion of funds from this account.