South Australian Numbered Acts South Australian Numbered Acts37—Amendment of section 10—Establishment of the Council
(1)
Section 10(2)—delete subsection (2) and substitute:
(2) 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.
(2)
Section 10—after subsection (2) insert:
(2a) The Council must
in all matters endeavour to advance the interests of the University.
(3)
Section 10(3)(c)—delete paragraph (c)
(4)
Section 10(3)(h)—delete paragraph (h) and substitute:
(h) 3
students of the University (not being persons in the full time employment of
the University), 1 of whom must be a postgraduate student and 1 of whom must
be an undergraduate student, appointed or elected in a manner determined by
the Council.
(5)
Section 10(5)—delete "one must have qualifications and experience in
financial management" and substitute:
2 must have financial management expertise and at least 1 must have commercial
expertise (demonstrated by relevant qualifications or relevant experience at a
senior level in the public or private sector)