397IAnnual statement of revenue policy

#### 397I Annual statement of revenue policy 397I Annual statement of revenue policy > > (1) A joint organisation must have a statement of the joint organisation’s revenue policy for a year. > > > (2) The statement of the revenue policy must include the following statements— > > > > > (a) a statement containing a detailed estimate of the joint organisation’s income and expenditure, > > > > > (b) a statement of the types of fees proposed to be charged by the joint organisation, > > > > > (c) the amount of any proposed fees to which Division 3 of Part 10 of Chapter 15 of the Act applies, > > > > > (d) a statement of the amounts of any proposed borrowings (other than internal borrowing), the sources from which they are proposed to be borrowed and the means by which they are proposed to be secured. > > > (3) The statement of fees need not include information that could confer a commercial advantage on a competitor of the joint organisation. > > > (4) For the purposes of section 400ZH(4)(b) of the Act, section 406 of the Act applies to a joint organisation as if a reference in those subsections to an operational plan were a reference to the joint organisation’s revenue policy statement. > > > (5) A joint organisation must adopt its revenue policy statement for a year on or before 30 June in the preceding year. If the joint organisation is established on or after 1 March in the preceding year, the date for the adoption of the statement is extended to 31 August in the next year. > > > (6) A joint organisation is not required to prepare an annual revenue statement for the first year in which it is established. > > > (7) For the purposes of the application of section 610F of the Act to a joint organisation, a reference to an operational plan of a council is taken to be a reference to an annual revenue statement of a joint organisation.