Academic Governance

In 1995, the former Tasmanian financial organisation, the Trust Bank provided the University of Tasmania Foundation with a gift of $75,000 to commemorate the 150th anniversary of the establishment of the Hobart Savings Bank. The gift was used to endow a scholarship named after George Washington Walker, the founder of that bank.   A further $30,000 was added to the endowment by the Trust Bank in 1999.

The scholarship is awarded to a Tasmanian student at the University of Tasmania studying in either commerce or economics.

These are the amended rules of the scholarship, replacing those set out in Academic Senate Rule 74.

Rules

1. The amount of $105,000, together with any interest from time to time, forms the endowment of a scholarship to be called the George Washington Walker Perpetual Undergraduate Scholarship.
2. The scholarship will be awarded on the basis of academic merit to a commencing Tasmanian student enrolled at the University of Tasmania in an academic program leading to a Bachelor’s degree in either Business or Economics, including a combined degree in either discipline.
3. The scholarship is tenable for the minimum time necessary to complete the degree course, and an extension for Honours if applicable, provided that:
   • the student studies full-time or to an extent that the UTAS Foundation deems equivalent to full-time;
   • the student’s progress in each year is considered by the UTAS Foundation to be satisfactory; and
   • the student is not in receipt of another scholarship from the University of Tasmania.
4. Having regard to the terms of the endowment, the Scholarship will be awarded by the UTAS Foundation to the highest scoring student commencing the first year of an undergraduate Business or Economics, including combined degree, course at the University.  
5. If in any year the UTAS Foundation considers the student's progresss to be unsatisfactory, it may terminate the scholarship or suspend it for one year. If the scholarship is suspended, the UTAS Foundation may re-award it to the same student after that year, if it considers that the student's academic record justifies that action. 
6. All other matters concerning the scholarship, including the frequency and number of awards offered, the value of each award, advertising, application procedures, and the method and time of payment will be determined by the UTAS Foundation.

Made by Academic Senate on 24 October 2003 and amended by Academic Senate on 15 April 2011