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What was the purpose of establishing the south australian

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Problem 1: What was the purpose of establishing the South Australian Financing Authority (SAFA) fin 1982?

A. Supporting the operations and lending activities of the Local Government Finance Authority after it was established later in 1983

B. Managing the majority of the State's debt

C. Centrally coordinating funding for the State's semi-government authorities under the purview and approval processes of the Australian Loan Council

D. Lending funds to the Treasurer who borrows on behalf of public sector agencies to support their operational requirements

Problem 2: The financial collapse State Bank of South Australia in 1991 was caused by:

A. Expanding SA's modest State Bank from home lender to financier of risky commercial ventures

B. Bad and doubtful debts when commercial property prices slumped

C. Non-performing commercial loans

D. All the above

Reference no: EM132976999

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