Ways to apply the competitive neutrality principle

In force

(1)

The competitive neutrality principle may be applied by—

(a)

commercialisation of a significant business activity; or

(b)

full cost pricing of a significant business activity.

(2)

Commercialisation involves creating a new business unit, that is part of the local government, to conduct the significant business activity on a commercial basis.

(3)

Full cost pricing involves pricing the significant business activity on a commercial basis, but without creating a new business unit.

(4)

A regulation may provide for—

(a)

matters relating to commercialisation or full cost pricing; or

(b)

any other matter relating to the application of the competitive neutrality principle to the significant business activities of a local government.

This Act’s bill:Explanatory memorandum Second reading speech

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44 Ways to apply the competitive neutrality principle