Identifying significant business activities
45 Identifying significant business activities
A local government’s annual report for each financial year must—
contain a list of all the business activities that the local government conducted during the financial year; and
identify the business activities that are significant business activities; and
state whether or not the competitive neutrality principle was applied to the significant business activities, and if the principle was not applied, the reason why it was not applied; and
state whether any of the significant business activities were not conducted in the preceding financial year, i.e. whether there are any new significant business activities.
This Act’s bill:Explanatory memorandumSecond reading speech
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