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Council is re-exhibiting an updated version of the Draft Investment Policy for a period of 28 days.
The updated Draft Investment Policy has been placed on exhibition in response to submissions received from the public during the previous exhibition period 13 May to 2 July 2020.
Amendments have been made to the following items within the draft policy now on exhibition:
The policy objective;
The Risk Management Guidelines;
The Policy Scope;
The Counter-party Credit Framework;
The Term to Maturity Framework;
The independent audit requirement; and
The review period.
Other changes include:
The attached schedules have been simplified.
Environmental sustainability has now been included as a classification in the Investment Register.
You are invited to provide feedback on Council's draft Investment Policy.
Policy Background
Council has a legislative responsibility to manage public monies in a prudent and diligent manner. The Draft Investment Policy brings together legislative requirements and Council expectations to establish guidelines and parameters for staff to invest surplus monies on a daily basis.
Policy Objective
The objective of the Draft Investment Policy is to provide a framework to assist Council to optimise its return on investment of short, medium and long term surplus funds in a prudent and measurable manner.
Policy Scope
The Draft Investment Policy applies to Councillors, Committees of Council and Council employees.
Have your say
Written submissions must be received by 4.00 pm on Friday 31 July 2020.
By mail Draft Investment Policy Submission General Manager Tweed Shire Council PO Box 816 MURWILLUMBAH NSW 2484
It should be noted that in accordance with Council policy and the provisions of the Government Information (Public Access) Act 2009 – ‘GIPAA,’ confidential information contained within submissions may be released upon a request being made by a third party.
Council is re-exhibiting an updated version of the Draft Investment Policy for a period of 28 days.
The updated Draft Investment Policy has been placed on exhibition in response to submissions received from the public during the previous exhibition period 13 May to 2 July 2020.
Amendments have been made to the following items within the draft policy now on exhibition:
The policy objective;
The Risk Management Guidelines;
The Policy Scope;
The Counter-party Credit Framework;
The Term to Maturity Framework;
The independent audit requirement; and
The review period.
Other changes include:
The attached schedules have been simplified.
Environmental sustainability has now been included as a classification in the Investment Register.
You are invited to provide feedback on Council's draft Investment Policy.
Policy Background
Council has a legislative responsibility to manage public monies in a prudent and diligent manner. The Draft Investment Policy brings together legislative requirements and Council expectations to establish guidelines and parameters for staff to invest surplus monies on a daily basis.
Policy Objective
The objective of the Draft Investment Policy is to provide a framework to assist Council to optimise its return on investment of short, medium and long term surplus funds in a prudent and measurable manner.
Policy Scope
The Draft Investment Policy applies to Councillors, Committees of Council and Council employees.
Have your say
Written submissions must be received by 4.00 pm on Friday 31 July 2020.
By mail Draft Investment Policy Submission General Manager Tweed Shire Council PO Box 816 MURWILLUMBAH NSW 2484
It should be noted that in accordance with Council policy and the provisions of the Government Information (Public Access) Act 2009 – ‘GIPAA,’ confidential information contained within submissions may be released upon a request being made by a third party.
Re-exhibition, open for contributions 03/07/20 to 31/07/20
Draft Investment Policy has finished this stage
Having considered the public submissions received during the previous exhibition period, Council has amended the Draft Investment Policy and is now seeking submissions on the updated Draft Investment Policy.
Under Review
Draft Investment Policy is currently at this stage
Contributions to this consultation are closed for evaluation and review. The Project team will report back on key outcomes.
Final report
this is an upcoming stage for Draft Investment Policy
The final outcomes of the consultation are documented here. This may include a summary of all contributions collected as well as recommendations for future action.