2022-11-14 GC Agenda - Item 5 - Attachment 1 - Annual Report 2021-22

                                                                                 2021 - 22 Annual Report



Discretionary Funds
Section 109 of the LG Act defines discretionary funds as funds in the local government’s operating
fund that are:
  • budgeted for community purposes
  • allocated by a Councillor at the Councillor’s discretion.
For the period, Council did not establish any discretionary funds.


Beneficial Enterprises
Section 39(3) of the LG Act defines a beneficial enterprise as an enterprise that a local government
considers is directed to benefiting, and can reasonably be expected to benefit, the whole or part of
its local government area. Additionally, section 39(4) of the LG Act provides that a local government
is conducting a beneficial enterprise if the local government is engaging in, or helping, the beneficial
enterprise.
During the period, Council did not engage in any beneficial enterprises.


Business Activities
A business activity is defined in Schedule 4 of the LG Act as the trading in goods and services by the
local government.
Council conducted the following business activities during the period:
  • Waste management
  • Holiday
    	      parks, including the Boreen Point Campground, Noosa North Shore Beachfront Caravan
    Park and Noosa River Holiday Park.


Significant Business Activity
In accordance with threshold of expenditure and the methodology prescribed by sections 19 and 20
of the LG Regulation, Council’s waste management activity was considered a significant business
activity for the period.


Commercial Business Units
Pursuant to section 27(2) of the LG Regulation, a commercial business unit is a business unit that
conducts business in accordance with the prescribed key principles of commercialisation.
Council did not nominate any business activities as commercial business units during the period.


Competitive Neutrality
Council is committed to ongoing compliance with National Competition Policy principles and its
legislative obligations in this area. Furthermore, Council is committed to ensuring that its business
activities operate on a level playing field with private businesses in the community.
Council ensures that the pricing practises for each business activity comply with the principles of full
cost pricing such that total revenue, inclusive of identified and measured community service



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