3.1.2 - Asset Management Committee

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The Asset Management Committee is a sub-committee of Finance Committee. It exercises governance oversight of the University’s capital expenditure program and the prudential management of the University’s physical asset portfolio.

I Membership

A Chairperson nominated by the Finance Committee
The Vice-Chancellor
Up to three members appointed by the Finance Committee, two of whom should have relevant expertise and be external to the University
The Senior Vice-Principal, the Chief Financial Officer and Vice-Principal (Campus and Property Services) attend meetings as required by the Committee

II Terms of Reference

1. The functions of the Asset Management Committee are to –

   1.1 Review and provide advice on ways in which the University’s asset portfolio might be strategically and prudentially managed for the long term advantage of the University.
   
   1.2 Review and provide advice on the University’s capital expenditure plan and budget, incorporated within the University’s Annual Budget and Forward Estimates.
   
   1.3 Provide advice on the mechanisms that, in the interests of good governance, the University should have in place to ensure major capital projects are properly planned and executed and exercise governance monitoring of major projects (i.e. projects in excess of $20 million).
   
   1.4 Review and provide advice on the University’s strategy for asset acquisitions and disposals and property leasing and under delegation from the Finance Committee, approve asset acquisitions and disposals that are consistent with agreed University strategy.

   (NB: Any decisions approving such matters are to be reported to the Finance Committee.)

2. The Committee meets quarterly and other times as required.