Section PS 3070 – Investments in Government Business Enterprises

October 01, 2019

A government organization that has all of the following characteristics:
  • It is a separate legal entity with the power to contract in its own name and that can sue and be sued;
  • It has been delegated the financial and operational authority to carry on a business;
  • It sells goods and services to individuals and organizations outside of the government reporting entity as its principal activity; and
  • It can, in the normal course of its operations, maintain its operations and meet its liabilities from revenues received from sources outside of the government reporting entity.
  • Refer to Section PS 1300, Government Reporting Entity, paragraphs .29-.31 for more guidance on these criteria.
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