Queensland Numbered Acts Queensland Numbered Acts(1) The following documents of a local government must comply with the requirements prescribed under a regulation--
(a) the financial management documents;
(b) the planning and accountability documents.
(2) The financial management documents include the following documents--
(a) an annual budget;
(b) a general purpose financial report;
(c) a financial forecast;
(d) an asset register that records--
(i) capital expenditure; and
(ii) depreciation charges; and
(iii) revaluation increments and decrements;
(e) a revenue statement.
(3) The planning and accountability documents include the following documents--
(a) an annual report;
(b) a 5 year corporate plan;
(c) an annual operational plan;
(d) a long-term community plan;
(e) a long-term financial plan;
(f) a long-term asset management plan;
(g) a report on the results of an annual review of the implementation of the long term plans mentioned in this section.
(4) A long-term community plan is a document that--
(a) outlines the local government's goals, strategies and policies for implementing the local government's vision for the future of the local government area, during the period covered by the plan; and
(b) covers a period of at least 10 years after the commencement of the plan.
(5) A long-term financial plan is a document that--
(a) outlines the local government's goals, strategies and policies for managing the local government's finances, during the period covered by the plan, including the following policies--
(i) an investment policy;
(ii) a debt policy;
(iii) a procurement policy;
(iv) a revenue policy; and
(b) covers a period of at least 10 years after the commencement of the plan.
(6) A long-term asset management plan is a document that--
(a) outlines the local government's policies and strategies for ensuring the sustainable management of the local government's assets and infrastructure, during the period covered by the plan; and
(b) covers a period of at least 10 years after the commencement of the plan.
(7) A local government must annually conduct, and report on the results of, a review of the implementation of the local government's long-term plans mentioned in this section.