sec.48Ways to apply the competitive neutrality principle

### sec.48 Ways to apply the competitive neutrality principle The competitive neutrality principle may be applied by— commercialisation of a significant business activity; or full cost pricing of a significant business activity. Commercialisation involves creating a new business unit, that is part of the council, to conduct the significant business activity on a commercial basis. Full cost pricing involves pricing the significant business activity on a commercial basis, but without creating a new business unit. A regulation may provide for— matters relating to commercialisation or full cost pricing; or any other matter relating to the application of the competitive neutrality principle to the significant business activities of the council. s 48 amd 2012 No. 33 s 21 (sec.48-ssec.1) The competitive neutrality principle may be applied by— commercialisation of a significant business activity; or full cost pricing of a significant business activity. (sec.48-ssec.2) Commercialisation involves creating a new business unit, that is part of the council, to conduct the significant business activity on a commercial basis. (sec.48-ssec.3) Full cost pricing involves pricing the significant business activity on a commercial basis, but without creating a new business unit. (sec.48-ssec.4) A regulation may provide for— matters relating to commercialisation or full cost pricing; or any other matter relating to the application of the competitive neutrality principle to the significant business activities of the council. - (a) commercialisation of a significant business activity; or - (b) full cost pricing of a significant business activity. - (a) matters relating to commercialisation or full cost pricing; or - (b) any other matter relating to the application of the competitive neutrality principle to the significant business activities of the council.