07/12/2022

The SAFA 2021-22 Annual Report has now been tabled in the Parliament of South Australia and is available on the SAFA website.

There were many achievements and highlights for the 2021-22 financial year, including:

  • The fulfilment of SAFA’s gross total funding task for the year, which was $6.5 billion. Despite the uncertainty in capital markets as central banks across the globe started to unwind unconventional monetary policy, SAFA successfully completed its funding task through the issue of short and long-term securities in the domestic markets.
  • SAFA’s Insurance team continued its ongoing work during 2021-22 to quantify losses with loss adjusters and to monitor the reinstatement of assets with affected agencies following the 2019 bushfires in the Adelaide Hills and on Kangaroo Island. The majority of these claims have now been finalised and settled.
  • The Commercial Advisory team managed 13 active industry assistance programs offering financial assistance packages to South Australian businesses and organisations. They also completed 262 financial reviews for various government agencies over the course of the year. As at 30 June 2022, the team was responsible for the overall management of 489 industry assistance projects with a total project value of $605.2 million.
  • The Fleet team continued to face extended lead times for the supply and delivery of new vehicles and repair parts due to the ongoing impact on global supply chains as a result of the COVID-19 pandemic and the war in Ukraine. Despite these challenges, the Fleet team continued to meet the demands of agencies for new vehicles. They also continued to embrace low emission vehicle technology with 56.7% of the passenger and light commercial vehicle fleet being low emission vehicles. This includes 1,922 hybrid vehicles, 38 plug-in hybrids, and 21 battery electric vehicles.

Every employee has contributed towards the achievements made by SAFA.  It is a reflection of everyone's professionalism and collaborative efforts. Without our people, SAFA would not be able to meet its business objectives and support the needs of our customers, agencies and stakeholders.

A job well done by all in SAFA.

To read a copy of the Annual report, visit the Annual report page of the SAFA website.