Meeting papers

Document Set ID: 22408732
                                       Page 16 of 28
Version: 2, Version Date: 08/05/2023

HWL
                                                                                            EBSWORTH

                3.      Further Term

                3.1    Subject to the parties being in compliance with their obligations under this Deed, the
                       parties will commence discussions from 1 July 2024 regarding the potential Further
                       Term, including further funding for the Further Term and the terms on which that funding
                       will be provided, and will conclude those discussions by 31 December 2024.
                3.2    The parties may, but are not obliged to, agree to the Further Term.

               4.      __TN's obligations                  .

               4.4     Governance

                                               (a)     By 30 September 2023, TN will develop a 4 year
                                                       strategic plan which incorporates the priorities,
                                                       obligations and performance measures set out at
                                                       Schedule 1 of this Deed.

                                               (b)     Within 10 business days of the end of each quarter, or
                                                       upon request for Council, TN will provide Council with
                                                       financial and other reports in relation to the expenditure
                                                       of the Funding and the financial and other benefits
                                                       attributable to the Funding.
                                               (c)     TN will review and make appropriate changes to its
                                                       strategy and expenditure upon reasonable request by
                                                       Council.

                                               (d)     TN will conduct itself in accordance with best practice
                                                       standards of internal governance.
          :                                    (e)     Council's appointed Observer will be invited to and
                                                       included in all TN Board meetings.
                                               (f)     TN will perform annual performance reviews of its key
                                                       staff and directors.

                                               (g)     TN will cooperate with Council and take appropriate
                                                       action to address any corporate governance concerns
                                                       raised by Council:
                               (i)     Firstly, by liaison between TN and the Council appointed Observer; and
                               (ii)    Secondly, if requested by Council, by liaison between TN and Council's
                                       CEO and/or Mayor.

                Tourism Noosa Funding Deed                                                              Page 5
                Endorsed Ordinary Meeting- 20 April 2023
                 ECM: 22408732

Document Set ID: 22408732                                             ,
Version: 2, Version Date: 08/05/2023                                                                            Page 16 of 28