Ministerial - RoutinecA10
GOVERNMENT
L the
Hon.
Local
the
Bad)ara
Perry
Government
purposes
Act
(RelatLng
MP,
1993
of section
ACT
Minister
and
625 of that
the basis that all investments
-
to investments
for
with
1993
the
INVESTMENT
by counciLs)
Local
Government,
approval
of the
Act that
a coun~l
in pursuance
Treasurer,
or county
must be denominated
ORDER
do,
council
in Australian
of section
by this
may
Dollars)
625(2)
my Order,
only
of the
notify
invest
for
mo~ey
in the following
(on
forms
of
investment:
(a)
(b)
any
publ~
funds
or secunt=es
Co~monweal[h
or a Territory.
any
or securrt~es
deber~ures
,ssued
~ssued
by or guaranteed
by a coum:d
by. the
(wrthm
the
Commonwealth.
mear~ng
of the
any
LOC~
Stale
of the
Government
Act
1993 (NSW)).
(c)
interest
bearing
mshluhon
(d)
any
deposits
(as defined
bdl of exchange
value
confers
designated
on
as
w~th. or any
in the Banking
which
the
an
has
holder
debentures
Act
a matunly
~n due
authorlsed
1 gsg
or bonds
(Cwth)).
date
course
of not
a r~lht
depos~t-tak~n(j
=ssued
by, an authonsed
but excluding
more
of
than
recourse
~nShtuhon
by
200
days.
against
the
deposit-taking
~ubordmaled
debt
and
~f purchased
a bank
AL=Strahan
obhgatlons.
which
for
has
Prudenhal
been
Regulation
Authority.
(e) a deposit
wfth the New South
investment
facility
All mvestme~
p~r, cipal
Wales
South
TnstrL~nents (excluding
and investment
Transitional
(i)
of the New
"lreasury
Wales
Corporation
or investments
in an Hour-Glass
Treasure/Corporation
shod term discount
=nstrurnents) refened
to above
~nclude b~h
income
Arranqements
Subject
Io paragraph
Order
wh~h
are taken
was
in comphan,
to be in compban(;e
Paragraph
apply
(11) noth=r~J m th~s Order
made
affects
the
restructunng
or maturity
any
previous
~nvestment
made
Ministerial
before
Orders.
and
the date
such
of this
inveslnlenls
this Order¸
(i) only applies to these investments
to any
disposal
with
ce with
Or switching
made before the date of this Order and does not
of investments
of SLK:h investments,
which
or any re-investment
for the avoidance
of proceeds
of doubt
must
received
comply
on
with
this
Order
Key Cons~er;~t~OnS_
An
investment
~nvestment
~s not
policy
All councds
should
gLidellr~s
m a form
of council
of tnvestr,~er~
adopted
by resol~on
iSSLV~J by the Chief
notif~
by a resolL~n
adopt
an
Executive
by
Ih~s order
unless
~t also
comities
w~th an
wrlh
th~s Order
of council
,nveslmenl
pokey
(LOCal Goverr~ent).
thal
=s cons~sten~
Departmenl
of Premier
aha
and
Cabinet.
any
from
time to tlrr~.
The General
b~haff
of a councFI
Councds
have
and skill
When
Manager
m~t
a fiduciary
exerc~sm(j
length
of
investment,
the
power
loss
Iorm
of
would
the
proposed
w~h deFegat(.k'l
with the cour~ll's
when
exercise
of investment
or depreclahon
the ilkehhoo~
commissions,
member,
respons~bd~ty
person
the
Or income
staff
do so in ;.~".cordan~e
that a prudent
capital
(ir~ludlr~
or any other
investing
adopted
should
should
the affairs
COnSider.
Itkely
income
relurrl
inveslmenL
the
hquldlt~
by a cout~d
investmen~
Counc=ls
in managing
Coun<;ils
the
authonty
and
and
fees.
charges
and duties
payable)
of making
exercise
the
persons
but
nol
he
Ihe
t~ming
limited
marketability
of
investment
the proposed
for
Local
Government
care.
dd~ger~:e
by. the
of income
the
risk
return,
el
the
proposed
and the costs
investment
Date<]
ihlsJ,),-P'"
dayof
J¢""~'Y,~
2011 Hen
BARBARA
PERRY
MPL
"-"~
Minister
on
policy
of other
of in|lateen aff(!cl~ng 111~value of the proposed
to ~nvest funds