Investment policy guidelines released
Source: Western Australia. Minister for Local Government. Media Release
"Local Government Minister Ljiljanna Ravlich has released a set of investment guidelines designed as a ‘best practice’ model for local government. The guidelines have been developed in response to the exposure of some local governments to offshore investments that have been impacted by the US sub-prime mortgage market. Ms Ravlich requested the Department of Local Government and Regional Development in developing the guidelines last year to complement the existing investment legislation."