2014-06-26 Budget Meeting Attachment H

                                                                                    ATTACHMENT H



                                                                               Council Policy
                                               2014/15 INVESTMENT POLICY

 Corporate Plan Reference:                     A sustainable Council

 Endorsed by Council:

 Policy Author:                                Director Corporate Services



POLICY BACKGROUND
The intent of this document is to outline Noosa Shire Council’s (Council) investment policy and
guidelines regarding the investment of surplus funds. Council’s overall objective is to invest its
funds at the most advantageous rate of interest available to it at the time, for that investment type,
and in a way that it considers most appropriate given the circumstances. In priority, the order of
investment activities shall be preservation of capital, liquidity, and return.


COUNCIL POLICY
For the purpose of this policy, investments are defined as arrangements that are undertaken or
acquired for producing income and apply only to the cash investments of Council. This policy
applies to the investment of all surplus funds held by Council.

Council has been granted authority to exercise Category 1 investment power under Part 6 of the
Statutory Bodies Financial Arrangement Act 1982 (the Act). Category 1 investment power allows
for investment with QTC or QIC, along with a range of other higher-rated counterparties without
further approval.

For the purposes of the appointment of an external fund manager pursuant to section 59 of the Act,
to operate in a manner consistent with this policy will constitute compliance.

All investments are to be made in accordance with:
 Statutory Bodies Financial Arrangements Act 1982
 Statutory Bodies Financial Arrangements Regulation 2007
 Local Government Act 2009

Investment officers are to manage the investment portfolios not for speculation, but for investment
and in accordance with the spirit of this Investment Policy. Investment officers are to avoid any
transaction that might harm confidence in Council. They will consider the safety of capital and
income objectives when making an investment decision.

Investment officers/employees shall refrain from personal activities that would conflict with the
proper execution and management of Council’s investment portfolio. This includes activities that
would impair the investment officer’s ability to make impartial decisions.

This policy requires that employees and investment officials disclose to the Chief Executive Officer
any conflict of interest or any investment positions that could be related to the investment portfolio.




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