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South Australian Housing Trust (SAHT)

Financial statistics
Net cost of providing services: $235 million
Rental income: $280 million
Total revenue from SA Government: $81 million
Value of rental property: $8066 million
Number of lettable rental properties: 39 855

Significant events and transactions
  • Responsibility for tenancy and property management for 1087 public housing properties transferred to the community housing sector.
  • Responsibility for homelessness funding transferred to the Department for Communities and Social Inclusion.

Financial statement opinion

Financial controls opinion
Key issues:
  • Potential overclaimed/overpaid benefits (rental rebates) not investigated
  • Bonds claimed by landlords not consistently verified
  • Multi-trade contractor audit and compliance activities not undertaken
  • Payroll bona fide reports not reviewed and certified on a timely a basis
  • Ineffective review of leave reports resulting in unrecorded and incorrectly recorded leave in payroll system
  • Program Management Committee for the Better Places, Stronger Communities (BPSC) public housing transfer program has not met since December 2015
  • Six-monthly review of BPSC Housing Transfer Management Deed not undertaken
  • Reporting to the Board and Minister required by service level administrative agreements did not occur