Section 84 of the Principal Act is amended as follows:

(a) by inserting the following paragraph after paragraph (da) in subsection (2) :

(db) contain financial management indicators, and asset management indicators, specified in an order under subsection (2A) ; and

(b) by inserting the following subsections after subsection (2) :

(2A)  The Minister, by order, may specify –

(a) financial management indicators; and

(b) asset management indicators –

to be included in the financial statements of councils.

(2B)  The Minister is to consult with councils as to the matters to be included in an order under subsection (2A) .