Annual Report 2023-24

      Noosa Council




                                                                                                                                                                                                                                                                                            Financial Performance
                                                                                                                                          Noosa Council
      Notes to the Financial Statements                                                                                                   Management Certificate
      for the year ended 30 June 2024
                                                                                                                                          for the year ended 30 June 2024
      Note 32. Transactions with Related Parties (continued)
                                                                                                                                          §Note/Subtotal§
                                                                                                                                          §Subnote§




                                                                                                                                          These General Purpose Financial Statements have been prepared pursuant to sections 176 and 177 of the Local Government
                                                                                                                                          Regulation 2012 (the Regulation) and other prescribed requirements.
      Executive Leadership Team
      Chief Executive Officer                                                                                                             In accordance with Section 212(5) of the Regulation, we certify that:
      Director Community Services
      Director Corporate Services                                                                                                                           i. the prescribed requirements of the Local Government Act 2009 and Local Government Regulation 2012 for the
      Director Development & Regulation                                                                                                                        establishment and keeping of accounts have been complied with in all material respects; and
      Director Infrastructure Services
      Director Strategy & Environment                                                                                                                       ii. the General Purpose Financial Statements, as set out on pages x to xx, present a true and fair view, in accordance
                                                                                                                                                                with Australian Accounting Standards, of the Council's transactions for the financial year and financial position at the
                                                                                                                                                                end of the year.
      $ '000                                                                                                2024                 2023

      Short-term Employee Benefits                                                                         2,069                 2,093
      Post-employment Benefits                                                                               199                   210
      Long-term Benefits                                                                                      29                    39
      Termination Benefits                                                                                     –                    16
      Total Compensation Paid to Key Management Personnel                                                  2,297                 2,358

      (e) Other Related Parties
      §Subnote§




                                                                                                                                                                Frank Wilkie                                                  Larry Sengstock
      Transactions with Other Related Parties
                                                                                                                                                                Mayor                                                         Chief Executive Officer
      Employee expenses with close family members of key management personnel                                 104                  127
                                                                                                                                                                29 October 2024                                               29 October 2024
      Total                                                                                                  104                   127

      All close family members of key management personnel were employed through an arm's length process. They are paid in
      accordance with the Award for the job they perform.
258                                                                                                                                                                                                                                                                                         259
      (f) Outstanding Balances
      §Subnote§




      Council has no outstanding balances at the end of the reporting period in relation to transactions with related parties.


      (g) Loans and Guarantees to/from Related Parties
      §Subnote§




      Council does not make loans to or receive loans from related parties. No guarantees have been provided.


      (h) Commitments to/from Other Related Parties
      §Subnote§




      Council has no outstanding commitments to/from other related parties.


      (i) Transactions with Related Parties that have not been
      §Subnote§




          disclosed
      On a regular basis ordinary ratepayer transactions occur between Council and its related parties. Examples include rates
      and animal registrations. Council has not included these types of transactions in its disclosure where they are made on the
      same terms and conditions available to the general public.




                                                                                                                                                                                                                                                                                            Noosa Council Annual Report 23/24
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