Resources & Finance Committee
Standing Committee of Council
1.1 Appointment of Chair
An external member of Council with appropriate business, finance and resource experience appointed by Council on the recommendation of Membership Committee.
1.2 Current membership
1.3 Duration of term
1 year or until Membership Committee and Council have considered and approved revised memberships, whichever is the latter.
Each year Councillors are invited to nominate for membership of Committees of Council. Nominations are considered by Membership Committee and recommendations on membership forwarded to Council for its consideration.
1.4 Co-option of members
Resources & Finance Committee may co-opt additional persons, whether or not members of Council, who have expertise of particular value to the Committee’s proceedings. Approval of each such co-option shall be reported to the Council meeting following the decision to co-opt. At least half the members of the Resources & Finance Committee must be Council members and thus any such co-option is made subject to this requirement.
2. Terms of reference
2.1 To seek to achieve the best possible disposition of physical and financial resources for the University, including the financial evaluation of physical resource developments and financial proposals.
2.2 To advise Council on financial and investment matters, including borrowings, and the annual plan and budget.
2.3 To review and monitor the financial performance of the University, including its investments, controlled entities and major commercial activities, and advise Council accordingly.
2.4 To recommend to Council annual key performance indicators in relation to resources and finance, review performance against these indicators, and advise Council accordingly.
2.5 To advise Council on proposals to form, participate or be members of companies and other entities.
2.6 To take decisions on behalf of Council in accordance with financial delegations approved by Council.
2.7 Where matters are outside that delegation, the Committee will review the matter and provide a recommendation for Council approval. In the event that a significant matter of commercial-in-confidence is to be considered, the Vice Chancellor will consult with the Chancellor and the Chair of this Committee and request Council to appoint small oversight committee.
2.8 Upon review, report to the Audit & Risk Committee that the annual financial statements are presented accord with the Committee's understanding of the financial performance including cash flows and the statement of financial position for the year; and that Committee members are of the view that the notes to the accounts are consistent with the Committee's understanding of the performance and financial position of the University and Consolidated entities.
3.1 Frequency of meetings
As required. Meetings by circulation are permitted provided the Chair deems it appropriate.
Given the number of members is eight, the quorum is four.
4. Reporting to Council
Following each meeting, the Committee shall submit a written report to the next meeting of Council.
5. Sub-Committees of Resources & Finance Committee
Subcommittees of Resources & Finance Committee are to be Chaired by a member of Resources & Finance Committee.
 Includes the areas of education and research where there is relevance to resources and finance.
 Refer to the Delegations Matrix and related policy document for more specific guidance.