Queensland Subordinate Legislation as Made

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LOCAL GOVERNMENT LEGISLATION AMENDMENT REGULATION (NO. 3) 2010 No. 323 - SECT 3

3 Amendment of s 96 (Preparation and content of the budget)

(1) Section 96(4) and (5)--

renumber as section 96(5) and (6).

(2) Section 96--

insert--

'(4) The budget must include details of the following for the financial year for which it is prepared and the next 2 financial years--

(a) the estimated profits of the distributor-retailer for the council to be distributed to the council;
(b) the estimated tax equivalents to be paid by the distributor-retailer to the council under the South-East Queensland Water (Distribution and Retail Restructuring) Act 2009, section 100;
(c) the estimated costs of all other payments to be made by the distributor-retailer to the council, or obligations or liabilities that will be owed by the distributor-retailer to the council, under a financial arrangement entered into between the distributor-retailer and council;
(d) the estimated costs, and the purposes, of all payments to be made by the council to the distributor-retailer;
(e) the estimated costs of, and the reasons for, all obligations or liabilities that will be owed by the council to the distributor-retailer.'.


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