Wingecarribee Shire Council’s revised Investment Policy has received the tick of approval following adoption by Councillors earlier this month. The revised Policy details Council’s investment objectives, and for the first time, includes a policy position on preferencing financial institutions which do not support the fossil fuel industry. The primary objectives of the policy remain unchanged. ...
Wingecarribee Shire Mayor Councillor Ken Halstead has today announced Council has recovered lost capital totalling $9.5 million relating to failed collaterised debt obligations (CDO’s) sold to Council by failed investment bank Lehman Brothers Australia. The news comes after a briefing to councillors in closed session at Wednesday evening’s Ordinary Meeting of Council. In total $9,506,387...
Customers of Wingecarribee Shire Council can now choose to have their Rates Notices and Water and Sewerage Accounts delivered direct to their In-boxes. Council’s Chief Financial Officer, Richard Mooney explained the benefit of the new service. “For some time our customers have been telling us they wanted greater choice and convenience,” he said. “In response...
Wingecarribee Shire Councillors have tonight voted to submit the Improve scenario Special Rate Variation to the Independent Pricing and Regulatory Tribunal (IPART) for determination. “Tonight’s decision was without doubt one of the most difficult choices this Council has undertaken,” Wingecarribee Shire Mayor Larry Whipper said. “It was a decision no Councillor took lightly.” “However Councillors...
In a move designed to further improve in-house efficiencies, Wingecarribee Shire Council has tonight unanimously voted to implement an Organisational Services Review. “This Review is a direct result of Council’s Fit for the Future Improvement Proposal,” said Council’s General Manager Ann Prendergast. “Last year the NSW State Government found that we were fit to continue...
