Queensland Consolidated Acts Queensland Consolidated ActsCorporatisation is a reform process for certain significant business activities of local governments that--
(a) changes the conditions and the structure under which the business activities are carried on so they are acquired and carried on by separate legal entities (corporatised corporations) and, as far as practicable, on a commercial basis and in a competitive environment; and
(b) provides for local government ownership (whether directly or through ownership of an LGOC) of the corporatised corporations operating the business activities; and
(c) allows local governments to provide strategic direction to the corporatised corporations by setting financial and non-financial performance targets and community service obligations.