Victorian Current Acts Victorian Current ActsS. 6(1) amended by No. 61/2016 s. 11(1).
(1) The Council is the governing authority of the University and has the direction and superintendence of the University.
(2) The primary responsibilities of the Council include—
S. 6(2)(a) amended by No. 61/2016 s. 11(2)(a).
(a) appointing and monitoring the performance of the Vice-Chancellor;
S. 6(2)(b) repealed by No. 61/2016 s. 11(2)(b).
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(c) ensuring that its processes are carried out in accordance with this Act;
S. 6(2)(d) amended by No. 61/2016 s. 11(2)(c).
(d) approving the mission and strategic direction of the University, and its annual budget and business plan;
(e) appointing an external auditor;
S. 6(2)(f) amended by No. 61/2016 s. 11(2)(c).
(f) appointing an audit committee with a chairperson and at least 3 other persons who are not staff or students of the University;
S. 6(2)(g) amended by No. 61/2016 s. 11(2)(c).
(g) overseeing and reviewing the management of the University and its performance as a higher education institution;
S. 6(2)(h) amended by No. 61/2016 s. 11(2)(c).
(h) establishing policy and procedural principles for the operation of the University consistent with legal requirements and community expectations;
S. 6(2)(i) amended by No. 61/2016 s. 11(2)(d).
(i) approving and monitoring systems of control and accountability of the University including those required to maintain a general overview of any entity controlled by the University in accordance with section 50AA of the Corporations Act;
S. 6(2)(j) amended by No. 61/2016 s. 11(2)(c).
(j) overseeing and monitoring the assessment and management of risk across the University, including commercial undertakings;
S. 6(2)(k) amended by No. 61/2016 s. 11(2)(c).
(k) overseeing and monitoring the academic activities of the University;
S. 6(2)(l) amended by No. 61/2016 s. 11(2)(c).
(l) approving any significant commercial activities of the University.
S. 7 repealed by No. 9325 s. 7, new s. 7 inserted by No. 54/2005 s. 6.