Annual Report 2019-20

Noosa Shire Council

Notes to the Financial Statements
for the year ended 30 June 2020

Note 31. National Competition Policy

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.

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

                                                                      Other         Other            Waste      Holiday
                                                                                                       Mgt       Parks
                                                                      $'000         $'000            $'000       $'000

Revenue for services provided to the Council                              -             -           292              -
Revenue for services provided to external clients                         -             -        17,666          2,155
Community service obligations                                             -             -           110              -
                                                                          -             -        18,068          2,155
Less: Expenditure                                                         -             -       (17,246)        (1,838)
Surplus/(Deficit)                                                         -             -             822          317

Description of CSO's provided to business activities:
                                                                                                               Net Cost
Activities                                                                         CSO description

                                                                Waste collection and disposal charges for charitable
Waste Management
                                                                                   organisations.


Note 32. Trust Funds
                                                                                                     2020         2019
                                                                                                     $'000        $'000

Trust funds held for outstide parties

Monies collected or held on behalf of other entities yet to be paid out to or on
behalf of those entities                                                                             4,000        3,615
                                                                                                     4,000        3,615

Noosa Hire 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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