Queensland Consolidated Acts Queensland Consolidated Acts(1) A regulation may prescribe financial management standards for the purposes of this Act.
(2) A regulation may make standards about--
(a) the council giving the Minister information on an annual basis about the payment of notional GST that may affect the distribution, under the Local Government Act, section 200, of financial assistance to the council; and
(b) requirements for full cost pricing and their application to significant business activities of the council under the Local Government Act 1993, chapter 8, part 5; and
(c) commercialisation and its application to the council's commercial business units under the Local Government Act 1993, chapter 8, part 6; and
(d) corporatisation and its application to corporatised corporations of the council under the Local Government Act 1993, chapter 8, part 7; and
(e) a code of competitive conduct for application of competitive neutrality principles to the council's business activities, roads business activities and building certification business activities under the Local Government Act 1993, chapter 9; and
(f) facilitating the implementation of the Local Government Act 1993, chapter 10 including--
(i) charging arrangements for, and bases of operation of, relevant business activities providing water and sewerage services; and
(ii) providing how the following are to be applied--
(A) consumption as the basis for utility charges for water services;
(B) full cost recovery for water and sewerage services;
(C) identification and disclosure of cross-subsidies between classes of consumers and community service obligations in the provision of water and sewerage services;
(D) disclosure of the classes of consumers who are provided with water or sewerage services at an amount below full cost and the amount.
(3) The council, significant business entities (including corporatised corporations) and trustees of any scheme maintained under section 23 or 25E, must comply with the standards.