Queensland Consolidated Regulations

LOCAL GOVERNMENT REGULATION 2012 - REG 178

178 Financial sustainability statements

(1) A local government’s current-year financial sustainability statement must state each measure of financial sustainability applicable to the local government for the financial year to which the statement relates.

(2) A local government’s long-term financial sustainability statement must state—

(a) each measure of financial sustainability applicable to the local government for the 9 financial years following the year to which the statement relates; and

(b) an explanation of the local government’s financial management strategy that is consistent with the long-term financial forecast.

(3) For subsections (1) and (2) (a) , a measure of financial sustainability applies to a local government for a financial year to the extent the financial management (sustainability) guideline states the measure applies to the local government for the financial year.