sec.35Activity statement

### sec.35 Activity statement A local government’s annual financial statements must contain, for each business activity, an activity statement. An activity statement is a document that states— the revenue from goods and services provided to the local government in conducting the business activity; and the revenue from goods and services provided to persons other than the local government in conducting the business activity; and the expenses for the business activity, including all items required to be taken into account under the pricing provisions (other than return on capital); and the surplus or deficit for the financial year; and if community service obligations were carried on during the business activity— a description of the nature of the community service obligations; and the cost of carrying out the community service obligations, minus the revenue from the community service obligations. An activity statement may contain a summary of the information mentioned in subsection (2) , instead of a full statement of the information, if— the activity statement states it is a summary only and that a full statement of the information may be— inspected or purchased at the local government’s public office; and inspected on the local government’s website; and a full statement of the information can be— inspected or purchased at the local government’s public office; and inspected on the local government’s website. The price for purchasing a full statement of the information must be no more than the cost to the local government of making the statement available for purchase. s 35 amd 2013 SL No. 148 s 5 (sec.35-ssec.1) A local government’s annual financial statements must contain, for each business activity, an activity statement. (sec.35-ssec.2) An activity statement is a document that states— the revenue from goods and services provided to the local government in conducting the business activity; and the revenue from goods and services provided to persons other than the local government in conducting the business activity; and the expenses for the business activity, including all items required to be taken into account under the pricing provisions (other than return on capital); and the surplus or deficit for the financial year; and if community service obligations were carried on during the business activity— a description of the nature of the community service obligations; and the cost of carrying out the community service obligations, minus the revenue from the community service obligations. (sec.35-ssec.3) An activity statement may contain a summary of the information mentioned in subsection (2) , instead of a full statement of the information, if— the activity statement states it is a summary only and that a full statement of the information may be— inspected or purchased at the local government’s public office; and inspected on the local government’s website; and a full statement of the information can be— inspected or purchased at the local government’s public office; and inspected on the local government’s website. (sec.35-ssec.4) The price for purchasing a full statement of the information must be no more than the cost to the local government of making the statement available for purchase. - (a) the revenue from goods and services provided to the local government in conducting the business activity; and - (b) the revenue from goods and services provided to persons other than the local government in conducting the business activity; and - (c) the expenses for the business activity, including all items required to be taken into account under the pricing provisions (other than return on capital); and - (d) the surplus or deficit for the financial year; and - (e) if community service obligations were carried on during the business activity— (i) a description of the nature of the community service obligations; and (ii) the cost of carrying out the community service obligations, minus the revenue from the community service obligations. - (i) a description of the nature of the community service obligations; and - (ii) the cost of carrying out the community service obligations, minus the revenue from the community service obligations. - (i) a description of the nature of the community service obligations; and - (ii) the cost of carrying out the community service obligations, minus the revenue from the community service obligations. - (a) the activity statement states it is a summary only and that a full statement of the information may be— (i) inspected or purchased at the local government’s public office; and (ii) inspected on the local government’s website; and - (i) inspected or purchased at the local government’s public office; and - (ii) inspected on the local government’s website; and - (b) a full statement of the information can be— (i) inspected or purchased at the local government’s public office; and (ii) inspected on the local government’s website. - (i) inspected or purchased at the local government’s public office; and - (ii) inspected on the local government’s website. - (i) inspected or purchased at the local government’s public office; and - (ii) inspected on the local government’s website; and - (i) inspected or purchased at the local government’s public office; and - (ii) inspected on the local government’s website.