City of Brisbane Amendment Regulation (No. 1) 1997 (Qld)

Queensland Subordinate Legislation 1997 No. 184 City of Brisbane Act 1924 CITY OF BRISBANE AMENDMENT REGULATION (No. 1) 1997 TABLE OF PROVISIONS Section Page 1 Short title . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 2 Regulation amended . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Insertion of new ss 5 and 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 5 Annual financial statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 6 Non-current infrastructure assets and land . . . . . . . . . . . . . . . . . . . . . 2

s1 2 s3 City of Brisbane Amendment (No. 1) No. 184, 1997 ˙ Short title 1. This regulation may be cited as the City of Brisbane Amendment Regulation (No. 1) 1997 . ˙ Regulation amended 2. This regulation amends the City of Brisbane Regulation 1993 . ˙ Insertion of new ss 5 and 6 3. After section 4— insert — ˙ ‘ Annual financial statements ‘ 5.(1) This section prescribes financial management standards under section 127 1 of the Act. ‘ (2) The council’s financial statements for a financial year are to be general purpose financial statements and must comply with Australian Accounting Standard 27 (Financial Reporting by Local Governments). ‘ (3) In this section— “Australian Accounting Standards” means the Australian accounting standards issued jointly by or for the National Councils of the Australian Society of Certified Practising Accountants and the Institute of Chartered Accountants in Australia. ˙ ‘ Non-current infrastructure assets and land ‘ 6. Non-current infrastructure assets and land acquired before 1 July 1994 need not be included in the financial statements for the financial years ending 30 June 1997 and 30 June 1998.’. 1 Section 127 (Financial management standards)

3 City of Brisbane Amendment (No. 1) No. 184, 1997 ENDNOTES 1. Made by the Governor in Council on 26 June 1997. 2. Notified in the gazette on 27 June 1997. 3. Laid before the Legislative Assembly on . . . 4. The administering agency is the Department of Local Government and Planning. © State of Queensland 1997