Queensland Numbered Acts Queensland Numbered Acts(1) Section 492(1), 'or goods', first mention--
omit, insert--
', or other non-current assets mentioned in section 491(1)(b),'.
(2) Section 492(1)(a)(iii) to (iv)--
renumber as section 492(1)(a)(iv) to (vi).
(3) Section 492(1)(a)--
insert--
'(iii) a local government owned corporation; or'.
(4) Section 492(1)(d) and (3), 'goods'--
omit, insert--
'other non-current assets'.
(5) Section 492(1)--
insert--
'(ba) for non-current assets other than land--
(i) the disposal is by way of a trade-in for the supply of goods or services to the local government; and
(ii) the supply is, or is to be, made under subdivision 2; and
(iii) the disposal is, or is to be, part of the contract for the supply; or'.
(6) Section 492(1)--
insert--
'(da) the local government has--
(i) decided, by resolution, to prepare, for the disposal, a plan that complies with subsection (4); and
(ii) prepared the plan; or'.
(7) Section 492(1)(ba) to (1)(e)--
renumber as section 492(1)(c) to (1)(g).
(8) Section 492(2), 'subsection (1)(c)'--
omit, insert--
'subsection (1)(d)'.
(9) Section 492(3), 'subsection (1)(d)'--
omit, insert--
'subsection (1)(e)'.
(10) Section 492(4)--
renumber as section 492(5).
(11) Section 492--
insert--
'(4) For subsection (1)(f), the plan must state--
(a) the objectives of the disposal;
(b) how the objectives are to be achieved;
(c) how achievement of the objectives will be measured;
(d) any alternative ways of achieving the objectives, and why the alternative ways were not adopted;
(e) proposed contractual arrangements for the disposal; and
(f) a risk analysis of the market in which the disposal is to take place.'.