Meeting papers

ATTACHMENT 2 - INVESTMENT POLICY


                                                                               Council Policy
                                                               INVESTMENT POLICY

 Corporate Plan Reference:         Theme No. 5. - Excellence
                                   Objective 5.2 - Continue to deliver a financially sustainable Council
                                   that has the resources now and into the future to achieve its
                                   strategic objectives. This will be supported through the introduction
                                   of enhanced sustainability reporting and performance indicators,
                                   as well as ESG (environment social and governance) accounting
                                   practices as guided by statutory requirements
 Endorsed by Council:              30 June 2025

 Policy Author:                    Director Corporate Services

POLICY BACKGROUND
The intent of this document is to outline Noosa Shire Council’s (Council) policy and guidelines
regarding the investment of surplus funds, with the objective to maximise earnings within approved
risk guidelines, following ethical investment principles where appropriate to ensure the security of
funds.

The activities of investment officers or fund managers responsible for stewardship of Council’s funds
will be measured against the standards in this policy and its objectives. Activities that defy the spirit
and intent of this policy will be deemed contrary to the policy.

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

For the purposes of the appointment of an external fund manager pursuant to section 59 of the
Statutory Bodies Arrangements Act 1982 (the Act), to operate in a manner consistent with this policy
will constitute compliance.

COUNCIL POLICY
Council has been granted authority to exercise Category 1 investment power under Part 6 of the
the Act without further approval.

The Treasurer may from time to time constrain the investing activities of local government by
limitation, caveat, restriction and/or other relevant regulation. Where this occurs, this Investment
Policy will be reviewed and reissued for the subsequent change in legislation.

AUTHORITY
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.




                                                                                                  Page 15 of 392