Annual Report 2020-21

Noosa Council
Notes to the Financial Statements
for the year ended 30 June 2021

Note 29. National Competition Policy
§Note/Subtotal§
§Subnote§




Business activities to which the code of competitive conduct is applied

Council applies the competitive code of conduct to the following activities:

                  •   Waste management
                  •   Holiday parks

This requires the application of full cost pricing, identifying the cost of community service obligations (CSO) and eliminating
the advantages and disadvantages of public ownership within that activity.

The CSO value is determined by Council, and represents an activities cost(s) which would not be incurred if the primary
objective of the activities was to make a profit. The Council provides funding from general revenue to the business activity to
cover the cost of providing non-commercial community services or costs deemed to be CSO's by the Council.
§Total§




The following activity statements are for activities subject to the competitive code of conduct:


                                                                                                  Waste
$ '000                                                                                       Management       Holiday Parks

Revenue for services provided to the Council                                                          251                   –
Revenue for services provided to external clients                                                  18,693               3,837
Community service obligations                                                                         126                   –
                                                                                                  19,070               3,837
Less: Expenditure                                                                                 (15,374)            (2,450)
Surplus/(Deficit)                                                                                    3,696              1,387



Description of CSO's provided to business activities:
§Total§




Activities                                                        CSO description                                    Net cost
                                                                                                                       $ '000
Waste Management                                                  Waste collection and disposal charges for               126
                                                                  charitable organisations.



Note 30. Trust funds
§Note§




§Subnote§




$ '000                                                                                               2021               2020

Monies collected or held on behalf of other entities yet to be paid out to or on behalf of
those entities                                                                                      3,971               4,000
                                                                                                    3,971               4,000



Noosa Shire Council performs only a custodial role in respect of these monies. As these funds cannot be used for Council
purposes, they are not brought to account in these financial statements.




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