Local Government Finance Authority of South Australia (LGFA) - Market Research Report
Company Overview
Name:
Local Government Finance Authority of South Australia (LGFA)
Mission of the Company:
The LGFA is dedicated to being the leading provider of finance solutions to South Australian councils and prescribed local government bodies. They offer a range of competitive loan and investment products to their members.
Founded:
The company was established under the Local Government Finance Authority Act, 1983.
Founders:
No information is available.
Key People in the Company:
- Davin Lambert - Chief Executive Officer
- Natasha Grigg - Director Lending & Treasury
- Geoff Hollitt - Financial Controller
- Anthony Jones - Manager IT
- Megan Palk - Money Market Dealer
- Amanda Barber - Manager Financial Analysis
- Tracey Harper - Executive Assistant
- Ivan Seah - Financial Analyst
- Saroni Touch - IT Support Officer
Board Members:
- Mr. Michael Sedgman - LGFA Board Chair, Chief Executive Officer - City of Adelaide
- Mr. Terry Buss PSM - LGFA Deputy Board Chair and LGFA Audit & Risk Committee
- Mr. Clinton Jury - Chief Executive Officer - Local Government Association of South Australia
- Ms. Annette Martin - LGFA Audit & Risk Committee Chair, Manager Financial Services - City of Charles Sturt
- Mr. Andrew Wroniak - LGFA Audit & Risk Committee, Executive Director Corporate Services - Local Government Association of South Australia
- Ms. Belinda Merrett - Appointee of the Treasurer, Director | Priority Reforms - Department of Treasury and Finance
- Ms. Danielle Lawlor - Appointee of the Treasurer, Manager, Systems and Business Improvement - South Australian Government Financing Authority
Headquarters:
Suite 1205, 147 Pirie St, Adelaide, SA 5000
Number of Employees:
No information is available.
Revenue:
No information is available.
What the Company is Known For:
LGFA is known for exclusively serving South Australian councils and local government bodies with finance solutions including loan and investment products.
Products
Fee Free Borrowing
LGFA provides access to competitive loan rates without charging fees for its lending services. The terms can go up to 15 years. Borrowers also participate in the LGFA's annual bonus payment based on their average loan business with LGFA.
Key Features:
- Fixed Rate Amortising Loans: Repayment with equal instalments of principal and interest over the loan term, offering repayment certainty.
- Cash Advance Debenture Loans: Loan funds are accessible on a variable rate basis, providing flexibility to pay interest only when the facility is used. Fixed rates can be applied for up to five years.
- Interest Only Loans: Instalments of interest are only paid with repayment of principal at the end of the loan term.
- Structured Loans: Tailored to meet individual borrower’s needs.
Secure Investments
No high-level description or key features provided.
Recent Developments
Key Events:
- Celebration of 40 Years: Highlighting the 40th anniversary of the LGFA.
- LG Professionals SA 23rd Annual Leadership Excellence Awards: Participation and sponsorship.
- Student Intern Program: Indication of involvement in educational programs.
- 20th Annual Leadership Excellence Awards: Continued engagement in leadership events.
- LGFA Support for the LGFSG: Support for Local Government Functional Support Group (LGFSG).
- SALGFMG 2020 AGM & Conference: Participation in the South Australian Local Government Financial Management Group events.
- LGFA Council Support Package 2020: Launch of support packages for councils.
- 19th Annual Leadership Excellence Awards: Sponsorship and involvement in leadership excellence awards.
- Meeting Room Availability in City: Offering meeting room spaces in the city.
New Products and Features:
No information is available on new products or features added to existing products.
New Partnerships:
No information is available.
We proudly sponsor the following local government entities:
- Platinum Sponsor
- Diamond Sponsor
Contact Information:
- Phone: 08 8223 1550
- Toll-Free: 1800 188 045
- Email: admin@lgfa.com.au
© 2020 LGFA. Developed by EneeDev
