2019-03-12 P&E Agenda - Item 7 - Attachment 1 - NBRF FY17-18 Annual Report

Funding Deed
BETWEEN
Noosa Shire Council (Council)
AND
Noosa Biosphere Reserve Foundation Ltd (NBRF)
1       TERM
a)      The term of this Deed commences on 1 July 2018 and continues until 30th June 2021, or at
        such time as either party resolves to terminate the Deed.
b)      On or about 1 July 2021, Council may consider entering into a new funding deed to extend the
        period of funding, subject to its annual budget considerations and performance outcomes
        relative to this Deed.

2       PROGRAM
NBRF must carry out activities to achieve the objects of the NBRF Company and the purposes of
the Noosa Biosphere Reserve Trust (the Trust) which are for the public charitable purposes of
protecting and enhancing the natural environment and for contributing to the realisation of the aims
of UNESCO’s Man and the Biosphere Program.
a)      “The principal purposes of the Trust are:
        i)        Advancing the conservation and enhancement of a significant aspect of the natural
                  environment, being the natural ecosystems and biodiversity of the Noosa Biosphere
                  Reserve; and
        ii)       Advancing environmental research, education and information about a significant aspect
                  of the natural environment, being the Noosa Biosphere Reserve.
b)      In seeking to achieve the principal purposes of the Public Trust, the Trust may, without
        limitation:
             i)   Foster economic and human development that is environmentally and socially
                  sustainable and culturally appropriate;
             ii) Develop and implement a management plan for the Noosa Biosphere Reserve that is
                 aligned with the UNESCO Man and the Biosphere Program and Australian Biosphere
                 Reserve Management Principles1.
             iii) Monitor performance of the Noosa Biosphere Reserve and its reporting to UNESCO and
                  the Noosa community.
Note:
In respect to the Trust purposes clauses b) ii) and iii) the development of an NBR Plan of
Management and reporting obligations to UNESCO will be managed by Council in collaboration with
the Foundation and other stakeholders.




1 Australian Biosphere Reserve Management Principles only apply to reserves managed by the Federal

Government and do not apply to the Noosa Biosphere Reserve.


Funding Deed – Noosa Biosphere Reserve Foundation Ltd & Noosa Council                            Page 4