Noongar governance structure committees

A range of committees and structures that provide support, direction and influence over how the Noongar Boodja Trust is managed.

As a part of the Noongar Governance Structure the following committees and structures will be formed:

  • Noongar Advisory Company
  • Noongar Relationship Committee
  • Nominations Committee
  • Investment Committee
  • Noongar Corporations Committee 

Each committee has a clearly defined role and set of objectives. The inclusion of these discrete committees in the Noongar Governance Structure is to ensure the long-term accountability of the Noongar Boodja Trust is in line with the Noongar peoples' expectations and future aspirations.

Noongar Advisory Company

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The initial Noongar Boodja Trust trustee (NBT Trustee) will rely on the Noongar Advisory Company for important cultural context and understanding in managing assets.

The NBT Trustee will consult with the Noongar Advisory Company on:

  • managing its relationship with and liaison with the Noongar people, the Noongar Corporations Committee, the Central Services Corporation, and the Regional Corporations;
  • fostering mutual respect and cooperation between the NBT Trustee, the Noongar people, the Central Services Corporation, and the Regional Corporations; and
  • the NBT Trustee's fulfilment of the Trust purpose and terms of the Trust Deed generally.

The Noongar Advisory Company will comprise six directors:

  • two nominated Noongar directors;
  • two Independent directors;
  • one State nominee; and 
  • one NBT Trustee nominee.

Nominations Committee

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The Nominations Committee will manage the selection process for board and committee positions, as well as assisting with the appointment of the directors of the Noongar corporations. 

The six Nomination Committee members cannot be on any other committees or boards within the Noongar corporations or the NBT.  

The Nominations Committee membership will include:

  • one Trustee representative;
  • one Noongar Relationship Committee nominee;
  • two Noongar people with relevant director and board member experience; and
  • two independent people with relevant director and board member experience.

Noongar Relationship Committee

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The Noongar Relationship Committee will review the NBT Trustee's obligations to the Noongar Corporations under the Trust Deed. The NBT Trustee is required to consult with the Noongar Relationship Committee on matters relating to the Trust, including but not limited to: 

  • access to the Noongar Future Fund;
  • allocating funds from the development of land;
  • any changes to the Trust Deed; and
  • assist with the review of the Central Services Corporation's service delivery to the Noongar Regional Corporations.

The Noongar Relationship Committee will comprise up to 17 members, including:

  • all representatives from the Noongar Corporations Committee; and
  • three directors of the Noongar Advisory Company comprising:  
    • the Trustee nominee director; 
    • one independent director; and
    • one expert representative from the Noongar community.

Investment Committee

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The Investment Committee will work with the Noongar Corporations Committee, the Noongar Advisory Company, and the WA Government on investment matters and the development of the Investment Policy.

The Investment Committee is also responsible for the appointment of Investment Managers. Investment Managers must at all times be independent and hold an Australian Financial Services Licence and meet a range of other specified requirements, including demonstrated experience in property management.

The Investment Committee will have a role in assessing and arranging for the sale, or development and sale, of properties included in the Development Land Fund.  

The Investment Committee will comprise:

  • one Trustee nominated representative to act as Chair;
  • two representatives with a minimum of five years' relevant experience and expertise nominated by the Noongar Corporations Committee; and
  • four independent members nominated by the NBT Trustee on the recommendations of the Nominations Committee including: 
    • two members with a minimum five years' experience and expertise in property transaction; and
    • two members with a minimum five years' experience and expertise in fund management greater than $500 million.

Noongar Corporations Committee

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The Noongar Corporations Committee (NCC) will be established and supported by the Central Services Corporation and is the primary forum for consultation among the Noongar Regional Corporations and the Central Services Corporation. The Noongar Boodja Trust Trustee is not involved in the Noongar Corporations Committee.

The NCC will consist of the Chair and Chief Executive Officer of each of the six Noongar Regional Corporations and the Central Services Corporation. 

It provides a forum for all of the Noongar Corporations to come together to discuss matters of mutual interest. The Trustee is required to consult the NCC on certain important matters relating to the Trust including: 

  • investment policy;
  • nominations to the Investment Committee;
  • the strategic plan for the Trust;
  • changes to the Trust Deed; and
  • nomination of a Dedicated Trustee.

The NCC will also make recommendations to the Trustee on how it should consult with the Noongar Community.
 

Page reviewed 21 July 2020