QLDIn ForceAct
University of Queensland Act 1998
sec.50Financial review
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### sec.50 Financial review
The senate must, in each year, adopt a budget for the university for the next year.
In framing the budget the senate need not take account of amounts mentioned in subsection (4) .
The senate must control its spending as nearly as possible within the limits of the approved budget.
The senate must undertake an annual review of—
amounts available, or expected to be available, to the university by way of bequest, donation or special grant; and
the spending of the amounts.
(sec.50-ssec.1) The senate must, in each year, adopt a budget for the university for the next year.
(sec.50-ssec.2) In framing the budget the senate need not take account of amounts mentioned in subsection (4) .
(sec.50-ssec.3) The senate must control its spending as nearly as possible within the limits of the approved budget.
(sec.50-ssec.4) The senate must undertake an annual review of— amounts available, or expected to be available, to the university by way of bequest, donation or special grant; and the spending of the amounts.
- (a) amounts available, or expected to be available, to the university by way of bequest, donation or special grant; and
- (b) the spending of the amounts.