Resources and Finance Committee

Standing Committee of Council

Membership

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

Category	Member Name	Alternate
Chancellor (ex officio)	Dr Alan Finkel
Deputy Chancellors	Mr Paul Ramler (Chairperson) Dr Leanne Rowe
The Vice-Chancellor and President (ex officio)	Professor Richard Larkins	Professor Edwina Cornish
Vice-President (Finance)	Mr David Pitt
Three external members of Council	Mr Shane Buggle Mr Yehudi Blacher Dr John Zillman
One staff member of Council	Professor Jayne Godfrey
One student member of Council	Mr Sumeet Katariya
In Attendance
Vice-President (Administration)	Mr Peter Marshall
Director, Executive Services	Mr Tony Calder
Secretary: Divisional Director - Corporate Finance	Mr David McWaters

1.3

Duration of term

1 year

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 and 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 and Finance Committee must be Council members and thus any such co-option is made subject to this requirement.

Terms of reference

2.1

To seek to achieve the best possible disposition of physical and financial resources for the University, including the evaluation of physical resource developments and financial proposals.

2.2

To monitor policy for the development and environmental management of University sites.

2.3

To advise Council on financial and investment matters, including borrowings, and the annual plan and budget.

2.4

To review and monitor the financial performance of the University, including its investments, controlled entities and major commercial activities, and advise Council accordingly.

2.5

To recommend to Council annual key performance indicators in relation to resources and finance, review performance against these indicators (1), and advise Council accordingly.

2.6

To advise Council on proposals to form, participate or be members of companies and other entities.

2.7

To take decisions on behalf of Council in accordance with delegations approved by Council.

2.8

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)

2.9

To review the Annual Consolidated Financial Statements and recommend their adoption to Audit Committee.

2.10

To coordinate the roles and responsibilities of its subcommittees.

(1) Includes the areas of education and research where there is relevance to resources and finance.
(2) Refer to the Delegations Matrix and related policy document for more specific guidance.

Meetings

3.1

Frequency of meetings

As required and via circulation subject to the Chancellor certifying that the matter cannot wait until the next meeting of Council.

3.2

Quorum

Given the number of members is nine, the quorum is four

Reporting to Council

The Committee shall report each action taken at the next meeting of Council.

Sub-Committees of Resources and Finance Committee

Subcommittees of Resources and Finance Committee are to be Chaired by a member of Resources and Finance Committee.

Contact Information:

Chairperson

Secretary

Mr Paul Ramler
Tel: (03) 9905 2007

Mr David McWaters
Tel: (03) 9905 6852