sec.27Commercial business unit

### sec.27 Commercial business unit As part of the commercialisation of a significant business activity, a local government must— if the activity is being conducted by a business unit—convert the business unit to a commercial business unit; or if the activity is not being conducted by a business unit—create a commercial business unit and transfer the activity to the commercial business unit. A commercial business unit is a business unit that conducts business in accordance with the key principles of commercialisation. (sec.27-ssec.1) As part of the commercialisation of a significant business activity, a local government must— if the activity is being conducted by a business unit—convert the business unit to a commercial business unit; or if the activity is not being conducted by a business unit—create a commercial business unit and transfer the activity to the commercial business unit. (sec.27-ssec.2) A commercial business unit is a business unit that conducts business in accordance with the key principles of commercialisation. - (a) if the activity is being conducted by a business unit—convert the business unit to a commercial business unit; or - (b) if the activity is not being conducted by a business unit—create a commercial business unit and transfer the activity to the commercial business unit.