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Draft Revised Investment Policy

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Consultation has concluded

This draft policy outlines guidelines for managing, monitoring, and reporting on Council’s cash and investment portfolio. It emphasises capital preservation, maximising returns within risk tolerances, and ensuring liquidity for Council's operational needs. It underscores conservative financial management practices as essential for Council.

Here are some key points to consider when making a submission.

Who's Affected: The policy applies to Council's investment portfolio managers, including the Chief Executive Officer (CEO), Director Business & Performance, Group Manager Financial Services. It also involves independent advisors engaged by the Council for investment purposes.

Objectives:

The overall object of the policy is to guide Council's investment activities towards achieving optimal financial outcomes while mitigating risks and ensuring compliance with legal and ethical standards.

This includes consideration of:

  • Preservation of Capital: Safeguarding Council's cash and investment portfolio
  • Maximising investment returns within risk appetite
  • Managing cash resources to meet Council's short, medium, and long-term business objectives
  • Complying with legislation
  • Conducting ethical and transparent investment practices
  • Long-term Financial Sustainability

Implementation:

  • The CEO holds authority for policy implementation, delegating investment management responsibilities to designated officers.
  • Investments must comply with legislative requirements, risk frameworks, and ethical guidelines.
  • The policy undergoes annual review or as necessitated by legislative changes.

How to have your say

Anyone can submit feedback on this draft policy (you do not have to be a staff member or elected member of Council).

You can provide your feedback on the proposed draft Policy by:

The exhibition period closes on Monday 22 April 2024.

This draft policy outlines guidelines for managing, monitoring, and reporting on Council’s cash and investment portfolio. It emphasises capital preservation, maximising returns within risk tolerances, and ensuring liquidity for Council's operational needs. It underscores conservative financial management practices as essential for Council.

Here are some key points to consider when making a submission.

Who's Affected: The policy applies to Council's investment portfolio managers, including the Chief Executive Officer (CEO), Director Business & Performance, Group Manager Financial Services. It also involves independent advisors engaged by the Council for investment purposes.

Objectives:

The overall object of the policy is to guide Council's investment activities towards achieving optimal financial outcomes while mitigating risks and ensuring compliance with legal and ethical standards.

This includes consideration of:

  • Preservation of Capital: Safeguarding Council's cash and investment portfolio
  • Maximising investment returns within risk appetite
  • Managing cash resources to meet Council's short, medium, and long-term business objectives
  • Complying with legislation
  • Conducting ethical and transparent investment practices
  • Long-term Financial Sustainability

Implementation:

  • The CEO holds authority for policy implementation, delegating investment management responsibilities to designated officers.
  • Investments must comply with legislative requirements, risk frameworks, and ethical guidelines.
  • The policy undergoes annual review or as necessitated by legislative changes.

How to have your say

Anyone can submit feedback on this draft policy (you do not have to be a staff member or elected member of Council).

You can provide your feedback on the proposed draft Policy by:

The exhibition period closes on Monday 22 April 2024.