Queensland Consolidated Regulations

LOCAL GOVERNMENT REGULATION 2012 - REG 35

35 Activity statement

(1) A local government’s annual financial statements must contain, for each business activity, an activity statement.

(2) An
"activity statement" is a document that states—

(a) the revenue from goods and services provided to the local government in conducting the business activity; and

(b) the revenue from goods and services provided to persons other than the local government in conducting the business activity; and

(c) the expenses for the business activity, including all items required to be taken into account under the pricing provisions (other than return on capital); and

(d) the surplus or deficit for the financial year; and

(e) if community service obligations were carried on during the business activity—

(i) a description of the nature of the community service obligations; and

(ii) the cost of carrying out the community service obligations, minus the revenue from the community service obligations.

(3) An activity statement may contain a summary of the information mentioned in subsection (2) , instead of a full statement of the information, if—

(a) the activity statement states it is a summary only and that a full statement of the information may be—

(i) inspected or purchased at the local government’s public office; and

(ii) inspected on the local government’s website; and

(b) a full statement of the information can be—

(i) inspected or purchased at the local government’s public office; and

(ii) inspected on the local government’s website.

(4) The price for purchasing a full statement of the information must be no more than the cost to the local government of making the statement available for purchase.