Total costs of conducting relevant activity
4 Total costs of conducting relevant activity
For this schedule, the total costs of conducting a relevant activity include each of the following—
the operational costs incurred in conducting the activity;
administrative and overhead costs;
the cost of resources used in conducting the activity;
depreciation;
equivalents for Commonwealth or State taxes a local government is not liable to pay because it is a local government;
equivalents for the cost of funds advantage a local government obtains over commercial interest rates because of State guarantees on borrowings;
return on capital.
The total costs must be adjusted for other advantages and disadvantages of a local government conducting the relevant activity that are not eliminated.
Subsection (2) does not apply for a relevant activity to which commercialisation applies.
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