Queensland Numbered Acts Queensland Numbered Acts(1) The competitive neutrality principle may be applied by--
(a) commercialisation of a significant business activity; or
(b) corporatisation of a significant business activity; or
(c) full cost pricing of a significant business activity.
(2) Commercialisation involves creating a new business unit, that is part of the local government, to conduct the significant business activity on a commercial basis.
(3) Corporatisation involves creating a new corporate entity, that is not part of the local government but is directly or indirectly owned by the local government, to conduct the significant business activity on a commercial basis.
(4) Full cost pricing involves pricing the significant business activity on a commercial basis, but without creating a new business unit or new corporate entity.
(5) A regulation may provide for--
(a) matters relating to corporatisation, commercialisation or full cost pricing; or
(b) any other matter relating to the application of the competitive neutrality principle to the significant business activities of a local government.