Queensland Numbered Acts Queensland Numbered Acts(1) To ensure that local governments are financially sustainable, each local government must implement systems to meet the following financial sustainability criteria--
(a) financial risks are to be managed prudently;
(b) financial policies are to be formulated--
(i) to ensure a reasonable degree of equity, stability and predictability; and
(ii) so that current services, facilities and activities are financed by the current users of the services, facilities and activities; and
(iii) having regard to the effect of the policies on the future users of services, facilities and activities;
(c) full, accurate and timely information about the local government's finances and infrastructure (including a report mentioned in section 104(7), for example) is to be made available to the public on the local government's website.
(2) A local government is financially sustainable if the local government is able to maintain its financial capital and infrastructure capital over the long term.