Queensland Consolidated Acts Queensland Consolidated Acts(1) The Minister may make standards (Community Government Finance Standards) about--
(a) the policies and principles to be complied with by community governments in financial management, including, for example, internal audit; and
(b) the content of financial statements and annual reports by community governments; and
(c) the policies to be complied with by community governments in relation to the lending of amounts to adult residents of their community government areas; and
(d) each community government giving the Minister information on an annual basis about the payment of notional GST that may affect the distribution, under the Local Government Act 1993, section 200, of financial assistance to the community government; and
(e) requirements for full cost pricing and their application to significant business activities of community governments under the Local Government Act 1993, chapter 8, part 5; and
(f) commercialisation and its application to community governments' commercial business units under the Local Government Act 1993, chapter 8, part 6; and
(g) corporatisation and its application to corporatised corporations of community governments under the Local Government Act 1993, chapter 8, part 7; and
(h) a code of competitive conduct for application of competitive neutrality principles to community governments' business activities, roads business activities and building certification business activities under the Local Government Act 1993, chapter 9; and
(i) facilitating the implementation of the Local Government Act 1993, chapter 10, including--
(i) charging arrangements for, and bases of operation of, relevant business activities providing water and sewerage services; and
(ii) providing how the following are to be applied--
(A) consumption as the basis for utility charges for water services;
(B) full cost recovery for water and sewerage services;
(C) identification and disclosure of cross-subsidies between classes of consumers and community service obligations in the provision of water and sewerage services;
(D) disclosure of the classes of consumers who are provided with water or sewerage services at an amount below full cost and the amount; and
(j) any other matter that is required or permitted by an Act to be prescribed by a standard made under this subsection.
(2) Before making a standard, the Minister must--
(a) consult with the auditor-general about the standard; and
(b) have regard to relevant standards made by appropriate professional bodies.
(3) The standards may include practice statements if the Minister considers a uniform standard of practice or procedure is necessary or desirable.
(4) A standard about the content of a policy mentioned in subsection (1)(c) may include--
(a) a model lending policy; or
(b) model provisions of a lending policy.
(5) A standard made under subsection (1) is subordinate legislation.