Skip links and keyboard navigation

Rates and charges

Who sets rates, how they are decided, and what type of rates and charges exist in Queensland.

Sustainability and reporting

Long-term financial and asset management planning is essential to ensure local governments can continue to provide the desired levels of services to residents now and into the future, within their respective financial capacities.

Annual financial reporting

Local governments are required to prepare audited annual financial statements that comply with local government legislation and the Australian Accounting Standards.

Loan borrowing program

The Statutory Bodies Financial Arrangements Act 1982 provides that statutory bodies must have the Treasurer's approval to obtain borrowings. Under a general approval of 23 May 2003, the Treasurer's approval is granted for local governments to borrow from Queensland Treasury Corporation (QTC) subject to the approval of the Department of Local Government, Community Recovery and Resilience.

Working capital facilities

Local governments may apply for a new working capital facility or to extend an existing facility with the Queensland Treasury Corporation.

Local government financial arrangements

The Statutory Bodies Financial Arrangements Act 1982 provides that local governments must first obtain the Treasurer's approval prior to entering into financial arrangements such as forming a company, entering into a trust, providing loans to community organisations and council-owned entities, and providing guarantees and indemnities.

Investment Policy Guidelines

Local governments derive their investment powers from Part 6 of the Statutory Bodies Financial Arrangements Act 1982 (SBFA Act). Local governments are required to invest in a prudent and appropriate manner. These Investment Policy Guidelines are designed to assist local governments in understanding their obligations under the SBFA Act, and to provide direction on some of the key considerations that should form the development of a prudent and appropriate investment framework.