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

                                   death, or property damage arising out of or in connection with the
                                   performance of this Deed;

                         (ii)      Professional Indemnity Insurance (if applicable) for an amount
                                   not less than $2 million per claim and in the aggregate, covering
                                   liability for any negligent acts, errors, or omissions in the provision
                                   of services under this Deed;

                         (iii)     Workers Compensation Insurance as required by law for its
                                   employees; and

                         (iv)      Any other insurance that a reasonable and prudent business in the
                                   same industry would maintain or that is reasonably necessary to
                                   protect against the risks associated with the performance of this
                                   Deed.

         (b)       TN must, upon request, provide the other party with certificates of currency
                   evidencing the above insurances and must notify the other party of any
                   cancellation or material change to the policies.


5.2      Governance

         (a)       TN may review and make appropriate changes to its Annual Operational and or
                   Business Plan upon reasonable request by Council.

         (b)       Both Parties will conduct themselves in accordance with best practice standards
                   of internal governance.

         (c)       TN will cooperate with Council and take appropriate action to address any
                   reasonable corporate governance concerns raised by Council.

         (d)       Council's appointed Observer will be invited to and included in all TN Board
                   meetings.

         (e)       TN may present material to Council at any time where they have requested in
                   writing to do so, and the request has been approved by Council.

         (f)       Parties will notify each other upon becoming aware of a breach or suspected
                   breach of any of their obligations under this Deed and provide the other Party
                   such details of the breach or suspected breach as reasonably requested.

         (g)       A Party may not, assign any of their interest in or obligations under this Deed
                   without the written agreement of the other party.

         (h)       TN must not, by any act or omission, conduct itself in a manner which adversely
                   affects, or which is reasonably likely to adversely affect Council or the
                   reputation of Council.




 Tourism Noosa Funding Deed, 2026-29                                                               Page 11