Queensland Consolidated Regulations

LOCAL GOVERNMENT REGULATION 2012 - REG 224

224 What div 2 is about

(1) This division explains what a local government must do before it enters into—

(a) a medium-sized contractual arrangement; or

(b) a large-sized contractual arrangement; or

(c) a valuable non-current asset contract.

(2) A
"medium-sized contractual arrangement" is a contractual arrangement with a supplier that is expected to be worth, exclusive of GST, $15,000 or more but less than $200,000 in a financial year, or over the proposed term of the contractual arrangement.

(3) A
"large-sized contractual arrangement" is a contractual arrangement with a supplier that is expected to be worth, exclusive of GST, $200,000 or more in a financial year, or over the proposed term of the contractual arrangement.

Example—

A contractual arrangement for the supply of a service over a 5 year period that is expected to be worth, exclusive of GST, $80,000 each year has a total expected value of $400,000.

(4) For subsections (2) and (3) , the expected value of a contractual arrangement with a supplier for a financial year, or over the proposed term of the contractual arrangement, is the total expected value of all of the local government’s contracts with the supplier for goods and services of a similar type under the arrangement.

(5) A
"valuable non-current asset contract" is a contract for the disposal of a valuable non-current asset.

(6) The
"disposal" of a valuable non-current asset by a local government includes the disposal of all or any part of an interest in the asset.

Example—

the grant of a lease over land or a building

(7) A
"valuable non-current asset" is—

(a) land; or

(b) another non-current asset that has an apparent value that is equal to or more than a limit set by the local government.

(8) A limit set by the local government under subsection (7) (b) can not be more than the following amount—

(a) for plant or equipment—$5,000;

(b) for another type of non-current asset—$10,000.