sec.28What are the key principles of commercialisation

### sec.28 What are the key principles of commercialisation The key principles of commercialisation , for a commercial business unit, are— clarity of objectives, namely that the local government— gives the unit clear and non-conflicting objectives; and sets specific financial and non-financial performance targets for the significant business activity; and keeps activities relating to local government policy formulation, or that are of a regulatory nature, separate from the unit, wherever possible; and clearly identifies the nature and extent of the community service obligations the unit must perform; and sets performance targets for the unit’s community service obligations; and separately costs the unit’s community service obligations; and appropriately compensates the unit for performing the community service obligations, and discloses details of the compensation to the public; and management autonomy and authority, namely that— the unit remains at arms-length to the local government in day-to-day operations; and the local government gives the unit autonomy in day-to-day operations, subject to overarching monitoring; and any directions the local government gives the unit to achieve non-commercial objectives are given in an open way; and the unit uses its best endeavours to ensure the unit meets its performance targets; and accountability for performance, namely that— the local government monitors the unit’s performance against the performance targets; and the unit must generally be subject to the management framework of the local government; and the unit complies with all laws the local government must comply with; and competitive neutrality, namely that the unit complies with the competitive neutrality principle by— removing any competitive advantage or competitive disadvantage, wherever possible and appropriate; and promoting efficiency of the use of resources to ensure markets are not unnecessarily distorted. - (a) clarity of objectives, namely that the local government— (i) gives the unit clear and non-conflicting objectives; and (ii) sets specific financial and non-financial performance targets for the significant business activity; and (iii) keeps activities relating to local government policy formulation, or that are of a regulatory nature, separate from the unit, wherever possible; and (iv) clearly identifies the nature and extent of the community service obligations the unit must perform; and (v) sets performance targets for the unit’s community service obligations; and (vi) separately costs the unit’s community service obligations; and (vii) appropriately compensates the unit for performing the community service obligations, and discloses details of the compensation to the public; and - (i) gives the unit clear and non-conflicting objectives; and - (ii) sets specific financial and non-financial performance targets for the significant business activity; and - (iii) keeps activities relating to local government policy formulation, or that are of a regulatory nature, separate from the unit, wherever possible; and - (iv) clearly identifies the nature and extent of the community service obligations the unit must perform; and - (v) sets performance targets for the unit’s community service obligations; and - (vi) separately costs the unit’s community service obligations; and - (vii) appropriately compensates the unit for performing the community service obligations, and discloses details of the compensation to the public; and - (b) management autonomy and authority, namely that— (i) the unit remains at arms-length to the local government in day-to-day operations; and (ii) the local government gives the unit autonomy in day-to-day operations, subject to overarching monitoring; and (iii) any directions the local government gives the unit to achieve non-commercial objectives are given in an open way; and (iv) the unit uses its best endeavours to ensure the unit meets its performance targets; and - (i) the unit remains at arms-length to the local government in day-to-day operations; and - (ii) the local government gives the unit autonomy in day-to-day operations, subject to overarching monitoring; and - (iii) any directions the local government gives the unit to achieve non-commercial objectives are given in an open way; and - (iv) the unit uses its best endeavours to ensure the unit meets its performance targets; and - (c) accountability for performance, namely that— (i) the local government monitors the unit’s performance against the performance targets; and (ii) the unit must generally be subject to the management framework of the local government; and (iii) the unit complies with all laws the local government must comply with; and - (i) the local government monitors the unit’s performance against the performance targets; and - (ii) the unit must generally be subject to the management framework of the local government; and - (iii) the unit complies with all laws the local government must comply with; and - (d) competitive neutrality, namely that the unit complies with the competitive neutrality principle by— (i) removing any competitive advantage or competitive disadvantage, wherever possible and appropriate; and (ii) promoting efficiency of the use of resources to ensure markets are not unnecessarily distorted. - (i) removing any competitive advantage or competitive disadvantage, wherever possible and appropriate; and - (ii) promoting efficiency of the use of resources to ensure markets are not unnecessarily distorted. - (i) gives the unit clear and non-conflicting objectives; and - (ii) sets specific financial and non-financial performance targets for the significant business activity; and - (iii) keeps activities relating to local government policy formulation, or that are of a regulatory nature, separate from the unit, wherever possible; and - (iv) clearly identifies the nature and extent of the community service obligations the unit must perform; and - (v) sets performance targets for the unit’s community service obligations; and - (vi) separately costs the unit’s community service obligations; and - (vii) appropriately compensates the unit for performing the community service obligations, and discloses details of the compensation to the public; and - (i) the unit remains at arms-length to the local government in day-to-day operations; and - (ii) the local government gives the unit autonomy in day-to-day operations, subject to overarching monitoring; and - (iii) any directions the local government gives the unit to achieve non-commercial objectives are given in an open way; and - (iv) the unit uses its best endeavours to ensure the unit meets its performance targets; and - (i) the local government monitors the unit’s performance against the performance targets; and - (ii) the unit must generally be subject to the management framework of the local government; and - (iii) the unit complies with all laws the local government must comply with; and - (i) removing any competitive advantage or competitive disadvantage, wherever possible and appropriate; and - (ii) promoting efficiency of the use of resources to ensure markets are not unnecessarily distorted.