University Secretary's Department Standing Resolutions of Council

2.2 - Legislation and Trusts Committee

 

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The Legislation and Trusts Committee advises Council on the appropriate form for draft Statutes and Regulations of Council and oversees the University’s stewardship of endowments and trusts.

I. Membership

Chair – an external member of Council, appointed by Council
Three persons appointed by Council (at least two to be Council members or Council Fellows)
The President of the Academic Board
Senior Vice-Principal or nominee
University Secretary
Up to three additional members with expertise in legal drafting or trusts co-opted annually by the Committee
One member nominated by the Chair, in consultation with the President of the UMSU Incorporated
One member nominated by the Chair, in consultation with the President of The University of Melbourne Graduate Students Association, Inc

II. Terms of Reference

The functions of the Legislation and Trusts Committee are -

  1. To consider all proposals for Statutes and Regulations, and any Standing Resolutions of Council referred by the Vice-Chancellor or Council, in the light of the policy which they are intended to implement and the requirements of the University of Melbourne Act 2009, and to certify to Council that any such proposals are in a form proper to be made by Council.
  2. To advise Council on issues relevant to any policies of the University, whether proposed or existing, which may be referred by the Vice-Chancellor or Council for that purpose.
  3. To advise Council on any comments on legislation or policies made by stakeholder groups.
  4. To provide advice to Council on the policy and practices that the University is to apply in relation to the proper administration and performance of trusts and other funds involving fiduciary obligations, including the proper content and form of University instruments recording trust obligations and related administrative arrangements.

  5. To review and provide such advice to Council as the committee considers appropriate on the report to be provided annually by the Vice-Chancellor on the administration and performance of trusts and other funds with fiduciary obligations, but without having any obligation to review issues in connection with any particular trust account which remains a management responsibility.

  6. To consider and report to Council on such other matters relating to University legislation, policies, trusts and endowments as the Council or the Vice-Chancellor may from time-to-time refer to it.

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