2022-07-18 General Committee Meeting Agenda

GENERAL COMMITTEE MEETING AGENDA   18 JULY 2022




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GENERAL COMMITTEE MEETING AGENDA                                                           18 JULY 2022

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                                                                              LOCAL GOVERNMENT ASDOCIATION
                                                                                   oF Quien Ae

                                                      ensures that the loan is highly secure, and the
                                                      lender will provide better terms
                                                      In an EUA, the building owner borrows money for
                                                      environmental building upgrades from a financier
                                                      and makes the repayments through the local
                                                      council rates system. Council then passes on the
                                                      repayments to the financier.
                                                      The financier undertakes all due diligence and
                                                      risk management process as part of the lending
                                                     process. The EUA is agreed and executed by the
                                                      Councils are not liable for any failure by an owner
                                                     to repay as the debt liability remains with the
                                                      property.
                                                      EUAs are now offered in Victoria, NSW and SA
                                                      These states amended their respective Local
                                                      Goverment legislation to enable local Councils to
                                                     offer EUAs. Councils can choose to offer EUAs,
                                                      however it is not mandatory.
                                                      EUAs provide numerous benefits including local
                                                      investment, providing local jobs, reducing
                                                      greenhouse gases and improving building stock.
                                                      EUAs stimulate economic activity and business
                                                      community. EUAs can work with any
                                                      grants/subsidies available for projects through
                                                      local, state or federal goverment departments to
                                                      enhance the business case for a building retrofit.
                                                      To enable the introduction of EUA’s in Queensland
                                                      an  amendment    is  required to  the   Local
                                                      Govemment Act 2009 and the City of Brisbane Act
                                                      2010.
                                                      Legislative Changes required to enable EUAs
                                                      in Queensland
                                                      Under current arrangements Queensland Councils
                                                      may provide finance to a business or community
                                                      organisation or provide a guarantee to a private
                                                      sector lender on behalf of a business or community
                                                      organisation. Such arrangements require the
                                                      Treasurers approval under the Statutory Bodies
                                                      Financial Arrangements Act 1982 (SBFA Act).

                                                                                                Tuy 2
                                                                                          Wilson Crawley

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