Queensland Subordinate Legislation as Made

LOCAL GOVERNMENT LEGISLATION (BOUNDARY CHANGES AND OTHER MATTERS) AMENDMENT REGULATION 2023 - REG 4

4 Amendment of s 160 (Preparation and content of budget)

(1) Section 160 (4) and (5) —
omit, insert—

(4) Subject to subsection (5), the budget must include a measure of financial sustainability for—

(a) the financial year for which the budget is being prepared; and

(b) the 9 financial years following the financial year for which the budget is being prepared.

Note—

See section 307 in relation to the budget for the 2023–2024 financial year.

(5) A measure of financial sustainability applies to the council for a financial year to the extent the financial management (sustainability) guideline states the measure applies to the council for the financial year.

(5A) The
"measures of financial sustainability" are the following measures described in the financial management (sustainability) guideline—

(a) council controlled revenue ratio;

(b) population growth ratio;

(c) operating surplus ratio;

(d) operating cash ratio;

(e) unrestricted cash expense cover ratio;

(f) asset sustainability ratio;

(g) asset consumption ratio;

(h) asset renewal funding ratio;

(i) leverage ratio.

(2) Section 160 (9) —
omit.

(3) Section 160 (5A) to (8) —
renumber as section 160 (6) to (9) .