Standing and Finance Committee

Terms of Reference


Purpose

The Standing and Finance Committee shall, subject to the direction and control of Senate, exercise the following functions:

  • Following discussion between the Chair of the Committee, the Chancellor and the Vice-Chancellor, exercise during intervals between meetings of Senate a standing delegation to deal with urgent issues;
  • Advise Senate:
    - on long term institutional planning matters;
    - in relation to planning, design and contract matters associated with major capital projects;
    - on financial and related policies, annual budgets, budget performance and the preparation  annual accounts;
    - on the use of University reserves, commercial ventures, investments and investment policies in respect of the funds of the University; and
    - on industrial policies
  • Review and make recommendations on Standing Orders for operation of Senate;
  • On referral by Senate, review any legislation from time to time;
  • On referral by Senate, provide an opinion on the interpretation of any legislation;
  • Consider reports of other committees of Senate and, at its discretion, provide additional advice in connection therewith; and
  • Consider and report to Senate on any other matter referred to it by Senate.

Membership

  • Pro-Chancellor (Chair);
  • Vice-Chancellor and President (ex-officio);
  • Four members of Senate appointed under Clauses 13.2 (f) and 13.2(g) of the Constitution for Australian Catholic University Limited (external members), not less than one from each State or Territory;
  • The Chair of the Audit & Risk Committee; and
  • One academic staff member of Senate elected under Clause 13.2(h) of the Constitution.

Review

The Committee reviews its procedures as it deems necessary and recommends accordingly to Senate.


Date of Establishment: 31/3/1999 (Senate Resolution 99/12 refers)

Meeting Frequency: 6 times per year

Responsible Officer: Company Secretary

Executive Officer: Governance Officer, Directorate of Governance