TOURISM NOOSA FUNDING AGREEMENT (REFERRED FROM S&O 11 APRIL 2023) · Attachment 1 - Deed - Funding Agreement Final

4.2      Strategic and operational plans

                                         (a)   By 31 December 2023, TN will implement a 4 year
                                               strategic plan which incorporates the priorities,
                                               obligations and performance measures set out at
                                               Schedule 1 of this Deed.

                                         (b)   TN will deliver the strategic plan referred to in clause
                                               4.2(a) above in accordance with annual operational
                                               plans. The specific format and content of the
                                               operational plan is be agreed by Council and TN.

                                         (c)   TN will implement an annual operational plan (as
                                               referred to in clause 4.2(b) above) on or before 31
                                               December 2023, and will implement further annual
                                               operational plans annually thereafter for the duration of
                                               the Term.

                                         (d)   TN will consult with Council in developing the strategic
                                               plan and operational plans referred to in clauses 4.2(a)
                                               and 4.2(b) above and TN must obtain Council's timely
                                               approval prior to implementing those plans, with such
                                               approval not to be unreasonably withheld.


4.3      Reports

                                         (a)   TN must at all times maintain and must produce to
                                               Council upon request and within 10 business days of
                                               Council’s request, reports which specifically identify
                                               expenditure of the Funding by TN.

                                         (b)   During the Term TN will report on expenditure of the
                                               Funding by TN, with reference to the Agreed Priorities,
                                               activities being undertaken and return on investment:

                   (i)        quarterly to Council - within 10 business days of the end of each
                              quarter; and

                   (ii)       otherwise on request by Council in accordance with clause 4.3 (a).

                                         (c)   TN must keep adequate accounts, documents and
                                               records in sufficient detail to enable and verify its
                                               compliance with this Deed.


4.4      Recognition of the Council

                                         (a)   TN will, in its corporate publications, marketing and
                                               other initiatives acknowledge Council as the primary
                                               sponsor of TN.




 Tourism Noosa Funding Deed                                                                         Page 6

Error! Unknown document property name.