32BGuidelines for commercial activities

#### 32B Guidelines for commercial activities 32B Guidelines for commercial activities > > (1) The Board must by resolution determine, and must maintain, Guidelines requiring specified processes and procedures to be followed in connection with University commercial activities. > > > (2) The Board 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 Board 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 32A, > > > > > (f) establishing a protocol regarding the rights and responsibilities of members of the Board in relation to commercialisation, with a view to avoiding real or apparent conflicts of interest. > > > (4) The Board must ensure that the Guidelines are complied with. > > > (5), (6) (Repealed) > > **s 32B:** Ins 2001 No 101, Sch 9 \[14\]. Am 2014 No 43, Sch 1.9 \[8\] \[9\].