16Functions of Senate

#### 16 Functions of Senate 16 Functions of Senate > > (1A) The Senate— > > > > > (a) acts for and on behalf of the University in the exercise of the University’s functions, and > > > > > (b) has the control and management of the affairs and concerns of the University, and > > > > > (c) may act in all matters concerning the University in such manner as appears to the Senate to be best calculated to promote the object and interests of the University. > > > (1B) Without limiting the functions of the Senate under subsection (1A), the Senate is, in controlling and managing the affairs and concerns of the University— > > > > > (a) to monitor the performance of the Vice-Chancellor, and > > > > > (b) to oversee the University’s performance, and > > > > > (c) to oversee the academic activities of the University, and > > > > > (d) to approve the University’s mission, strategic direction, annual budget and business plan, and > > > > > (e) to oversee risk management and risk assessment across the University (including, if necessary, taking reasonable steps to obtain independent audit reports of entities in which the University has an interest but which it does not control or with which it has entered into a joint venture), and > > > > > (e1) without limiting paragraph (e), to enter into or participate in arrangements or transactions, or combinations of arrangements or transactions, to effect financial adjustments for the management of financial risks, and > > > > > (f) to approve and monitor systems of control and accountability for the University (including in relation to controlled entities within the meaning of section 16A), and > > > > > (g) to approve significant University commercial activities (within the meaning of section 26A), and > > > > > (h) to establish policies and procedural principles for the University consistent with legal requirements and community expectations, and > > > > > (i) to ensure that the University’s grievance procedures, and information concerning any rights of appeal or review conferred by or under any Act, are published in a form that is readily accessible to the public, and > > > > > (j) to regularly review its own performance (in light of its functions and obligations imposed by or under this or any other Act), and > > > > > (k) to adopt a statement of its primary responsibilities, and > > > > > (l) to make available for Fellows a program of induction and of development relevant to their role as a Fellow. > > > (1) Without limiting the functions of the Senate under subsection (1A), the Senate may, for and on behalf of the University in the exercise of the University’s functions— > > > > > (a) provide such courses, and confer such degrees (including ad eundem degrees and honorary degrees) and award such diplomas and other certificates, as it thinks fit, > > > > > (b) appoint and terminate the appointment of academic and other staff of the University, > > > > > (c) (Repealed) > > > > > (d) obtain financial accommodation (including, without limitation, by the borrowing or raising of money) and do all things necessary or convenient to be done in connection with obtaining financial accommodation, > > > > > (e) invest any funds belonging to or vested in the University, > > > > > (f) promote, establish or participate in (whether by means of debt, equity, contribution of assets or by other means) partnerships, trusts, companies and other incorporated bodies, or joint ventures (whether or not incorporated), > > > > > (g) (Repealed) > > > > > (h) authorise any other university or educational institution (whether in New South Wales or elsewhere) to confer degrees, or to award diplomas or other certificates, on behalf of the University, > > > > > (i) make loans and grants to students, and > > > > > (j) impose fees, charges and fines. > > > (2) The functions of the Senate under this section are to be exercised subject to the by-laws. > > > (3) Schedule 2 has effect in relation to the investment of funds by the Senate. > > Note— > > Division 7.3 of the [Government Sector Finance Act 2018](/view/html/inforce/current/act-2018-055) regulates the provision of annual reporting information to Parliament by the Senate and requires the Senate to report on the University’s operations. > > **s 16:** Am 1996 No 24, Sch 1; 2001 No 101, Sch 7 \[4\]–\[11\]; 2004 No 115, Sch 7 \[3\]; 2014 No 43, Sch 1.7 \[2\]; 2017 No 22, Sch 1.28 \[1\] \[2\]. > > **s 16, note:** Ins 2004 No 115, Sch 7 \[4\]. Subst 2018 No 70, Sch 4.110\[1\].