22—Amendment of section 9—Council to be the governing body of
University
Section 9(1)—delete subsection (1) and substitute:
(1 ) The Council is
the governing body of the University and has the following as its primary
responsibilities:
(a)
appointing the Vice-Chancellor as the chief executive officer of the
University, and monitoring his or her performance;
(b)
approving the mission and strategic direction of the University, as well as
the annual budget and business plan;
(c)
overseeing and reviewing the management of the University and its performance;
(d)
establishing policy and procedural principles, consistent with legal
requirements and community expectations;
(e)
approving and monitoring systems of control and accountability, including
general overview of any entities controlled by the University (within the
meaning of section 50AA of the Corporations Act 2001 );
(f)
overseeing and monitoring the assessment and management of risk across the
University, including commercial undertakings;
(g)
overseeing and monitoring the academic activities of the University;
(h)
approving significant commercial activities of the University.