2017-06-29 Special Meeting Agenda

INVESTMENT OF SURPLUS FUNDS POLICY


Financial Institution is defined as an authorised deposit-taking institution within the meaning of the
Banking Act 1959 (Cwlth), Section 5.2
Investments are defined as arrangements that are undertaken or acquired for producing income
and apply only to the cash investments of Noosa Shire Council.
Market Value of the portfolio is the book value of fixed term fixed interest deposits plus a market
value assessment of commercial paper, bank bills, and bonds or floating rate notes.
QIC – Queensland Investment Corporation.
QTC – Queensland Treasury Corporation.



RELEVANT POLICIES AND LEGISLATION

Statutory Bodies Financial Arrangements Act 1982
Statutory Bodies Financial Arrangements Regulation 2007
Local Government Act 2009
Banking Act 1959 (Cwlth)




Version control:
    Version        Reason/ Trigger                      Change (Y/N)     Endorsed/ Reviewed by            Date

    1.0            Create new on de-amalgamation from   Y                Manager Financial Services       22/12/2013
                   Sunshine Coast Regional Council

    2.0            Annual Review                        Y                Manager Financial Services       02/06/2014

    3.0            Annual Review                        Y                Manager Financial Services       13/05/2015

    4.0            Annual Review                        N                Manager Financial Services       20/05/2016

    5.0            Annual Review                        Y                Director Corporate Services      19/05/2017




2
  For a list of authorised deposit taking institutions, refer to the website of the Australian Prudential Regulation Authority:
http://www.apra.gov.au/adi/.
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