TOURISM NOOSA FUNDING AND PERFORMANCE DEED 2026–2029 · ATTACHMENT 1_Tourism Noosa Funding and Performance Deed 2026-2029

3.       Further Term

3.1      The Deed may be renewed for a Further Term by Council providing TN with written
         notice to renew on or before 31 January 2029. The notice must confirm the duration of
         the Further Term.


3.2      The Parties may, but are not obliged to, agree to a Further Term or a further funding
         agreement for the period from 1 July 2029 onwards.



4.       Deed Review and Funding Adjustment

4.1      On each anniversary of the Term’s commencement, the Parties will review the Agreed
         Priorities, KPIs and Target Metrics and may, by mutual written agreement by 30 June,
         adjust them to maintain alignment and progression towards achieving identified DMP
         principles and priority actions. Any agreed adjustments must be annexed to the Deed as
         a replacement Schedule.


4.2      Once established, the Destination Stewardship Council may provide strategic oversight,
         input and guidance to the Parties for adjusting Agreed Priorities, KPIs and Target
         Metrics under clause 4.1, in order to align with the DMP principles and priority actions,
         however the Parties are under no obligation to adopt, implement, or otherwise
         incorporate any guidance provided by the Destination Stewardship Council.


4.3      The Parties may review and adjust the Funding (whether an increase or decrease) if an
         external event occurs that results in TN receiving a substantial sustainable alternative
         source of funding, regardless of whether such event was anticipated at the
         commencement of the Term. An example of such an external event includes, without
         limitation:

         (a)       A User Pays Visitor Tax or equivalent (i.e. a bed tax) is implemented.

         Any adjustment to the Funding under this clause must be reasonably proportionate to
         the financial impact of the alternative funding source and must be agreed in writing by
         the Parties.

5.       Party obligations

5.1      Insurance

         (a)       TN must, at its own cost, take out and maintain during the Term of this Deed the
                   following insurances with a reputable insurer licensed in the jurisdiction:

                         (i)       Public Liability Insurance for an amount not less than $20 million
                                   per occurrence, covering claims in respect of personal injury,


 Tourism Noosa Funding Deed, 2026-29                                                          Page 10