27
CurrentCommercial business unit
Chapter 3The business of local governments
Part 2Business reform, including competitive neutrality
Division 4Commercialisation
27 Commercial business unit
(1)
As part of the commercialisation of a significant business activity, a local government must—
(a)
if the activity is being conducted by a business unit—convert the business unit to a commercial business unit; or
(b)
if the activity is not being conducted by a business unit—create a commercial business unit and transfer the activity to the commercial business unit.
(2)
A commercial business unit is a business unit that conducts business in accordance with the key principles of commercialisation.
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