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This paper outlines the application of the elements of the Competition Principles Agreement to Queensland Local Government and is based on two issues papers prepared by the joint State/Local Government NCP Working Group and feedback from councils and other major stakeholders.

The purpose of this statement is to outline the approach to be taken by the Queensland Government in applying the principle of competitive neutrality to its Significant Business Activities(SBAs). The statement fulfils the commitment of the Queensland Government, under the National Competition Policy(NCP) agreements (notably the Competition Principles Agreement), to publish such a statement by 30 June 1996.

These Investment Policy Guidelines are designed to assist statutory bodies in understanding their obligations under the Statutory Bodies Financial Arrangements Act 1982, and to provide direction on some of the key considerations which should form the development of a prudent and appropriate investment policy framework. The Guidelines also seek to assist statutory bodies with the preparation of a formal investment policy, which should outline principles and practices for a statutory body to invest in the required manner, and be able to demonstrate it has done so.

The object of the Statutory Bodies Financial Arrangements Act 1982 (SBFA Act) is to provide for the efficient and effective management of the powers of statutory bodies to enter into financial arrangements. The guidelines provide a general outline of the impact of the SBFA Act on the operations of statutory bodies.