|Relevant UTAS Ordinance and/or
Rule Reference No.
|Ordinance 1 (Role of Council), 5 (Council Committees)|
|Relevant State/Federal Govt.
|University of Tasmania Act 1992|
|Commencement Date||8 April 2005|
|Review Date||8 June 2010|
1. Statement of Context
Council, as governing body of the University, determines the investment policies of the University. The University pursues a policy of maximising the investment return on cash balances, reserves and restricted funds, in an economic and efficient manner, subject to an overriding commitment to financial prudence in managing investment funds, and in accordance with the investment criteria detailed in clause (3).
The objectives of this principle are to:
The University holds specific funds which are classified as trusts. These are subject to a Trust Funds Investment Policy. All funds other than Trust Funds are classified as investment funds and are subject to a General Funds Investment Policy.
The criteria for investment are:
Investment performance is measured by comparison with agreed benchmarks.
Council approves University policies for investments on the recommendation of the Finance Committee.
The Finance Committee is responsible for:
The investment policies establish operational delegations to Investment Managers and the Executive Director Finance and Administration.
Approved by Council on 8 April 2005
Reviewed Council June 2006 (Resolution no. 06/3/43)
Authorised by the Director, Governance & Legal
17 December, 2009