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Finance Committee

Purpose

  • Supports Council in exercising its governance responsibilities by providing advice to Council in relation to the annual budget of the University, the financial performance against budget of the University and the controlled and related entities of the University and the financial and resource strategies for the sustainability and development of the University; and
  • Exercises governance responsibilities on behalf of Council in the oversight of the University's financial and resource management and reporting systems.

Terms of Reference

Advises Council on:

  • matters relating to investment, development and the financial management of the University, including borrowings and the annual budget;
  • the development and enhancement of commercial activities and the University's controlled and related entities and the monitoring of their financial performance;
  • annual key performance indicators in relation to finance and resources, including human resources, and performance against the indicators;
  • financial and resource impacts of major policy initiatives and development projects;
  • proposals to form, participate or be members of companies and other entities;
  • jointly, with the Audit and Risk Management Committee, the final draft of the annual financial statements and the audit report prior to the meeting of Council to approve the financial statements; and
  • the annual performance of the UC Foundation.

2017 Meeting Dates

  • Thursday, 2 March 2017
  • Monday, 10 April 2017
  • Monday, 16 June 2017
  • Monday, 11 August 2017
  • Monday, 3 October 2017
  • Monday, 27 November 2017

Joint meetings with Audit and Risk Management Committee

  • Thursday, 25 February 2016
  • Wednesday, 23 March 2016

Membership

Category Member Period of Appointment
Chair Mr David Sturgiss 14 March 2016 - 13 March 2019
One of two members of Council with appropriate expertise Mr Barry Mewett4 August 2017 – 31 January 2018
One of two members of Council with appropriate expertise Ms Prue Power AM 7 March 2014 - 
31 January 2018
One internal member of Council Mr Ian Dudley 1 January 2017 -
31 December 2017
Vice-Chancellor & President (ex officio) Professor H. Deep Saini 

Advisory Member

A member of staff with appropriate expertise
(nil voting rights)
Professor Monir Mir

Attendees with speaking rights

Deputy Vice Chancellor & Vice President, Finance & InfrastructureMs Vicki Williams
Director, Finance & Business ServicesMs Karma Auden

Secretariat

Acting Secretary Ms Kathleen O'Sullivan
Minutes Secretary Ms Helen Vooren