Trustee appoints Noongar Boodja Trust Investment Committee
On 5 September 2023, the Trustee appointed the Investment Committee for the Noongar Boodja Trust.
The Trustee representative member and Chair of the Committee is Perpetual Chief Executive for Wealth Management, Mark Smith.
The two (2) members nominated by the Noongar Corporations Committee, on the recommendation of the Nominations Committee, are Brendan Moore and Brian Wyborn.
The two (2) members recommended by the Nominations Committee as independent property experts, are Frank Marra and Tom Oosterhof.
The two (2) members recommended by the Nominations Committee as independent investment experts, are Paul Taylor and Jonathon Sweeney.
The functions of the Noongar Boodja Trust Investment Committee are to:
(a) review proposals from Investment Managers and provide recommendations and feedback to the Trustee;
(b) review the draft Investment Policy as prepared by the Trustee and provide recommendations and feedback to the Trustee;
(c) assist the Trustee to review the performance of the investments made by theTrustee against the agreed investment performance benchmarks identified in the Investment Policy;
(d) review the Trustee’s compliance with its investment obligations under this Deed, and provide recommendations to the Trustee as to how those obligations may be met;
(e) provide unbiased investment advice and recommendations to the Trustee in relation to the Future Fund; and
(f) provide guidance to the Trustee on Property Development Activities; and Housing Land Development Activities in relation to the Housing Land Fund and the Development Land Fund.