39
CurrentPrescribed business activities—Act, s 47
Chapter 3The business of local governments
Part 2Business reform, including competitive neutrality
Division 5Code of competitive conduct
39 Prescribed business activities—Act, s 47
(1)
A business activity is prescribed for section 47(7) of the Act for a financial year if the amount of current expenditure for the business activity for the previous financial year is $340,000 or more.
(2)
The amount of current expenditure for a business activity for a financial year is the total of the following amounts spent in conducting the activity for the year—
(a)
operational costs;
(b)
administrative and overhead costs;
(c)
cost of resources;
(d)
depreciation.
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