Structure
Tranche 2
Status: Regulations being developed
Commencement: To be confirmed
What is proposed?
Amendments to the Act propose to clarify that a regional subsidiary does not need to deliver services or activities in an equal or joint fashion. The amendments provide that financial contributions or involvement does not need to be equal between the
local government participants.
How these changes help
These reforms aim to enable greater flexibility in how a regional subsidiary is structured to deliver for its local governments and communities.