Local Government (Content of Plans and Strategies) Order 2014 (Tas)

Local Government (Content of Plans and Strategies) Order 2014

I make the following order under section 70F of the Local Government Act 1993 .

10 February 2014

BRYAN GREEN

Minister for Local Government

1. Short title This order may be cited as the Local Government (Content of Plans and Strategies) Order 2014 .

2. Commencement This order takes effect on the day on which its making is notified in the Gazette.

3. Interpretation (1) In this order – AASB 101 means the AASB 101- Presentation of Financial Statements (for for-profit entities) – (a) published by the Australian Accounting Standards Board, as appointed by the Financial Reporting Council of the Commonwealth; and (b) as amended or substituted from time to time; Act means the Local Government Act 1993 ; comprehensive income has the same meaning as other comprehensive income in the AASB 101; comprehensive result has the same meaning as total comprehensive income in the AASB 101; relevant asset means an asset within a class of assets specified in clause 4 ; underlying surplus or deficit means an amount that is the recurrent income (not including income received specifically for new or upgraded assets, physical resources received free of charge or other income of a capital nature) of a council for a financial year less the recurrent expenses of the council for the financial year. (2) The Acts Interpretation Act 1931 applies to the interpretation of this order as if it were by-laws.

4. Classes of assets The following classes of assets are major assets for the purposes of section 70B of the Act: (a) roads, bridges (including culverts) and traffic infrastructure; (b) stormwater infrastructure; (c) buildings; (d) any other class of assets, except land, where the total value of all assets within that class held by the relevant council is 5% or more of the total asset base of that council.