Beneficial enterprises are corporate entities, legally separate from Council but owned by it (wholly or in part) that must be 'directed to benefiting, and can reasonably be expected to benefit', the whole or part of the City - refer to the Local Government Act 2009, Chapter 3, Part 2.
Unlike a company, which seeks to deliver value to its shareholders, Council is accountable to the public it serves. Therefore, the public, as ratepayers, are major stakeholders.
What do our Beneficial Enterprises do?
Our beneficial enterprises support the community by:
- kick starting growth or regeneration
- supplementing existing sources of revenue
- meeting a public need not being addressed by the market
- assisting with launching new technologies
- encouraging more flexibility, efficiency and capability
- providing a greater ability to explore opportunities
Our beneficial enterprises strive to be financially sustainable while also delivering significant public benefits. They consider more than just financial returns; they have aim to positive impact on the Logan community.
Financial Statements
Financial Statements are being updated and will be added shortly.