Thresholds for significant business activities—Act, s 43
19 Thresholds for significant business activities—Act, s 43
This section prescribes, for section 43(4)(b) of the Act, the threshold that a business activity must meet to be a significant business activity for a financial year (the current financial year).
If the business activity is the provision of combined water and sewerage services, the threshold is 10,000 or more premises being connected to a water service as at 30 June of the financial year ending immediately before the current financial year.
Note—
See, however, the South-East Queensland Water (Distribution and Retail Restructuring) Act 2009.
For a business activity of a type other than the activity mentioned in subsection (2), the threshold is expenditure of at least $9.7m for the financial year ending immediately before the current financial year.
The Minister must consult with LGAQ Ltd. about a proposed amendment to a threshold mentioned in this section.
In this section—
combined water and sewerage service means a service that is the supply of a water service and a sewerage service.
sewerage service see the Water Supply (Safety and Reliability) Act 2008, schedule 3.
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