 The Act provided for the Governor and at least seven other officers to be appointed to form a legislative council for the governance of South Australia.The Act also made provision for a commission to initiate the establishment of democratic government, electoral districts, requirements for voting rights, and terms of office.The Act also provided for the annual repayment of debts to those who had invested in the South Australia Colonial Revenue Securities at a rate of three pounds ten shillings per one hundred pounds of principal invested, with interest to be paid on the principal owing.