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

                                      means the period from 1 July to 30 June for each year in the
         Financial Year
                                      Term.


                                      means the amount of $2,000,000 (excluding GST) per annum,
         Funding                      payable by Council to TN during the Term in accordance with
                                      clause 2.1 of this Deed.


                                      means a further successive period of up to three (3) years
         Further Term                 beyond 30 June 2029, if elected and notified by Council in
                                      accordance with clause 3.1


                                      means all copyright, trademark, design, patents or any other
         Intellectual                 intellectual property rights, or rights to registration of such rights
         Property                     existing in Australia or elsewhere or as protected by legislation,
                                      whether created before, on or after the Effective Date.


                                      mean the objective and measurable components of the Agreed
                                      Priorities set out in Schedule 1, which TN must complete each
         KPIs and Target              year of the Term, and which must be designed and implemented
         Metrics                      in a manner that clearly aligns with, supports, and gives effect to
                                      the qualitative intent and outcomes of the Agreed Priorities so as
                                      to ensure appropriate quality assurance of TN’s performance.


                                      means any part of the Funding that is used, spent, committed, or
                                      otherwise applied for a purpose that is not:

                                          i)       a legitimate organisational expense; or

                                          ii)      reasonably and properly incurred in delivering the
         Misapplied Funds                          Agreed Priorities, KPIs and Target Metrics or
                                                   performing TN’s obligations under this Deed;


                                          and includes any expenditure that is unauthorised, unlawful,
                                          improper, outside the scope of this Deed or inconsistent with
                                          the approved Destination Noosa Strategy.


                                      means Council’s appointed representative that will attend TN
         Observer                     board meetings and otherwise participate in TN activities in the
                                      role of observer as reasonably required.




Tourism Noosa Funding Deed, 2026-29                                                                   Page 4