Local Government Act 1995
Part 6Financial management
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Part 6 — Financial management
6.1. Terms used 290
Division 2 — Annual budget
6.2. Local government to prepare annual budget 291
6.3. Budget for other circumstances 292
Division 3 — Reporting on activities and finance
6.4. Financial report 293
Division 4 — General financial provisions
6.5. Accounts and records 294
6.6. Funds to be established 294
6.7. Municipal fund 294
6.8. Expenditure from municipal fund not included in annual budget 295
6.9. Trust fund 295
6.10. Financial management regulations 296
6.11. Reserve accounts 296
6.12. Power to defer, grant discounts, waive or write off debts 297
6.13. Interest on money owing to local governments 298
6.14. Power to invest 299
6.14A. Prohibitions on certain payments connected with legal matters 300
Division 5 — Financing local government activities
Subdivision 1 — Introduction
6.15. Local government’s ability to receive revenue and income 302
Subdivision 2 — Fees and charges
6.16. Imposition of fees and charges 303
6.17. Setting level of fees and charges 304
6.18. Effect of other written laws 305
6.19. Local government to give notice of fees and charges 305
Subdivision 3 — Borrowings
6.20. Power to borrow 305
6.21. Restrictions on borrowing 307
6.22. Appointment of receivers 308
6.23. Powers of receivers 308
6.24. Application of money 309
Division 6 — Rates and service charges
Subdivision 1 — Introduction and basis of rating
6.25. Terms used 310
6.26. Rateable land 311
6.27. Multiple rating 313
6.28. Basis of rates 314
6.29. Valuation and rates on mining and petroleum interests 315
6.30. Valuation of and rates on certain land 316
6.31. Phasing in of certain valuations 317
Subdivision 2 — Categories of rates and service charges
6.32. Rates and service charges 317
6.33. Differential general rates 318
6.34. Limit on revenue or income from general rates 320
6.35. Minimum payment 320
6.36. Local government to give notice of certain rates 321
6.37. Specified area rates 323
6.38. Service charges 325