(1) The University of Melbourne is declared to have been established on 11 April 1853 at Melbourne.
(2) The University established in accordance with subsection (1) and as constituted under the Melbourne University Act 1958 as in force immediately before its repeal—
(a) continues in existence under this Act; and
(b) is a body politic and corporate by the name "The University of Melbourne".
(3) The University consists of—
(a) the Council; and
(b) the staff, other than staff of any class that is designated from time to time by the Council not to be staff for the purposes of this section; and
(c) the graduates; and
(d) the students; and
(e) members of the staff or classes of staff of the affiliated colleges or other bodies, that are designated from time to time by the Council; and
(f) the emeritus professors of the University.