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Finance Committee

The Finance Committee advises Council on matters relating to the distribution and supervision of university finances and acts on behalf of Council in areas of delegated authority.

2019 meeting dates

Wednesday 6 February
Tuesday 2 April
Tuesday 28 May
Tuesday 23 July
Tuesday 24 September
Tuesday 12 November

Time: meetings commence at 1pm, except 6 February (commences at 11am) and 2 April (commences at 11.30am)

Membership

Position Member Current term 1
Chair Dr John Laker, AO ongoing
Member (Council) Michelene Collopy ongoing
Member (Council) Catherine Livingstone, AO ongoing
External member John Leotta ongoing
External member Matthew McLellan ongoing
Vice-Chancellor or nominee Professor Attila Brungs ex officio

1. ‘Ongoing’ membership terms are from 1 November 2018 until Council otherwise makes a determination.


Positions on the Committee are in accord with its composition.

Committee contact

Matt Robinson
Senior Governance Support Officer
Tel: 02 9514 7550
Email: Matt.Robinson@uts.edu.au

Terms of reference

The Finance Committee shall be responsible to Council for the provision of advice on financial matters and to act on its behalf within certain delegated authorities, whilst recognising the Vice-Chancellor's responsibility for management of the university.

  1. To make recommendations to Council on the following matters:
    1. the annual budgets, including the capital works budget, and subsequent amendments to budgets of the university proposed by the Vice-Chancellor;
    2. the financial aspects of corporate and functional policies;
    3. long-term financial matters with a view to sustaining and enhancing the financial health of the university;
    4. investment matters;
    5. any matter raised by Council;
    6. any other matter that the Committee regards as pertinent;
    7. the annual financial statements and other relevant documents, taking note of the comments of the Audit and Risk Committee
  2. To authorise expenditure within limits set by Council, either by specific delegation or under Council's Delegations.

Composition

The Finance Committee consists of the following positions:

  • Chair — an external member of Council appointed for expertise in financial matters
  • Four other members, of whom:
    • all should have strategic financial expertise and experience
    • at least two should be members of Council with qualifications and experience related to the operations of the university
  • Vice-Chancellor or nominee (ex-officio)