26BGuidelines for commercial activities

26B Guidelines for commercial activities

26B Guidelines for commercial activities

(1) The Senate must by resolution determine, and must maintain, Guidelines requiring specified processes and procedures to be followed in connection with University commercial activities.

(2) The Senate may by resolution amend or replace the Guidelines from time to time.

(3) Without limitation, the Guidelines may contain provision for or with respect to the following in connection with University commercial activities—

(a) requiring feasibility and due diligence assessment,

(b) requiring the identification of appropriate governance and administrative arrangements (including as to legal structures and audit requirements),

(c) requiring the undertaking of risk assessment and risk management measures,

(d) regulating and imposing requirements concerning the delegation by the Senate of any of its functions under this Act in connection with University commercial activities,

(e) declaring a specified activity to be a University commercial activity for the purposes of paragraph (b) of the definition of that expression in section 26A,

(f) establishing a protocol regarding the rights and responsibilities of members of the Senate in relation to commercialisation, with a view to avoiding real or apparent conflicts of interest.

(4) The Senate must ensure that the Guidelines are complied with.

(5), (6) (Repealed)

s 26B: Ins 2001 No 101, Sch 7 [14]. Am 2014 No 43, Sch 1.7 [8] [9].