South Australian Numbered Acts

ADELAIDE UNIVERSITY ACT 2023 (NO 32 OF 2023) - SECT 40

40—Fund guidelines

        (1)         The Treasurer must, for the purpose of this Part, approve guidelines (the "Fund guidelines") that address—

            (a)         the management and investment of, and payments from, a Fund established under this Part; and

            (b)         the matters relating to the advisory committee required by section 43

.

        (2)         The Treasurer must, before approving the Fund guidelines—

            (a)         consult with the Council in relation to the proposed Fund guidelines; and

            (b)         obtain the agreement of the Council that the Fund guidelines relating to payments from a Fund established under this Part reflect the following matters:

                  (i)         in the case of guidelines relating to the Adelaide University Research Fund—the University's research objectives and strategic plans, and the State's research and economic development priorities;

                  (ii)         in the case of guidelines relating to the Adelaide University Student Support Fund—the University's objectives of facilitating access to the University and addressing equity considerations for people within the community who have experienced disadvantages in education, or in access to education, or who are under-represented in education.

        (3)         The Fund guidelines must reflect an intention that the Funds established under this Part will grow over time.