sec.45Identifying significant business activities

### sec.45 Identifying significant business activities A local government’s annual report for each financial year must— contain a list of all the business activities that the local government conducted during the financial year; and identify the business activities that are significant business activities; and state whether or not the competitive neutrality principle was applied to the significant business activities, and if the principle was not applied, the reason why it was not applied; and state whether any of the significant business activities were not conducted in the preceding financial year, i.e. whether there are any new significant business activities. s 45 amd 2010 No. 23 s 282 - (a) contain a list of all the business activities that the local government conducted during the financial year; and - (b) identify the business activities that are significant business activities; and - (c) state whether or not the competitive neutrality principle was applied to the significant business activities, and if the principle was not applied, the reason why it was not applied; and - (d) state whether any of the significant business activities were not conducted in the preceding financial year, i.e. whether there are any new significant business activities.