Draft Investment Policy

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.

• Online using the submission form below
• Email tsc@tweed.nsw.gov.au Subject Heading: Draft Investment Policy Submission
• 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.